Bolt becomes decacorn with $335m funding round

Bolt becomes decacorn with $335m funding round

Online checkout company, Bolt, has just raised $335 million in a series E funding round – bringing the firm’s total valuation to $11 billion, says TechCrunch.

The cash injection will support the launch of a raft of new products to help shoppers shop more efficiently in 2022. It will also be invested into social commerce, where Bolt’s founder and CEO, Ryan Breslow, believes native embedded commerce will help put Bolt’s checkout capabilities “everywhere”.




The raise comes just three months after Bolt’s series D funding round, which took in $393 million. Including the Series E, Bolt’s total funding to date falls just shy of $1 billion. However, since the firm operates in a space where competitors - such as like Stripe, Shopify and Checkout.com - are worth hundreds of billions of dollars, these large raises are par for the course.




“It may seem like a lot of money raised, but actually no, this is capital for us to be competitive,” said Breslow.