Bolt has increased its valuation to more than $1bn following the completion of the first tranche of its latest funding round. The company said it had raised $400m in a new round led by existing investors Kleiner Perkins Caufield & Byers, which also backed Uber and Airbnb. G Squared has been behind a number of growth rounds for a range of fast-growing and large tech startups, including Pinterest, SoFi, Airbnb, Coursera, Spotify, Postmates and Instacart. Bolt has now raised more than $185m in total, with Nordic Ninjas, Naya Capital, Creandum and G Squared reportedly participating in the latest round of funding.
Bolt has increased its valuation to more than $1bn following the completion of the first tranche of its latest funding round. The company said it had raised $400m in a new round led by existing investors Kleiner Perkins Caufield & Byers, which also backed Uber and Airbnb. Bolt has now raised more than $185m in total, with Nordic Ninjas, Naya Capital, Creandum and G Squared reportedly participating in the latest round of funding.