Fintech Bolt raises US$27 million in bridge round with CEO backing
Summary
Bolt announced a $27 million bridge round to support a renewed turnaround effort. CEO Ryan Breslow personally contributed $5 million and framed the raise as evidence of his commitment to the company. Bolt said it will use the money to fund recent operating milestones and settle legacy obligations while it pushes toward profitability. The company has sharply reduced its valuation and workforce, and it is now betting on an AI-driven super app to restart growth.
Funding
Amount
$27.0M
Total raised
Date
August 31, 2026
Announcement date
Investors
BlackRock, Hedosophia
Lead investors
Company
bolt.com
Funded company
AskAI Classifications
Sectors
Retail and Commerce
Fintech, Banking and Payments
E-Commerce software
Functions
No functions detected
Linked Companies
Bolt
$100M to $250M