Tallinn-based Bolt has raised €628 million in a Series F funding round. The company which started out life as a ride-hailing app (Taxify) has been rolling out a bevy of services including car-sharing and micromobility options, as well as food delivery services. It’s the latter here that’s slated to receive some serious attention with this new funding. To date, Bolt has brought home over €2 billion in funding.
Already up and running in 10 European countries including Sweden, Portugal, Croatia, and Romania, Bolt Market, the to-your-door-in-15-minutes service will receive the lion’s share of the funding as the company ramps up the offer and charges ahead with expansion plans.
Now valued at €7.4 billion, Bolt’s latest funding round was led by Sequoia Capital and Fidelity Management and Research with participation from Whale Rock, Owl Rock (a division of Blue Owl), D1, G Squared, Tekne, Ghisallo, and others.