Bolt Raises $355 Million in Series E Funding With Funds & Accounts Managed by BlackRock, As Well as Schonfeld, H.I.G. Growth, and Invus Opportunities -- Powering the Next Phase of Growth in the Commerce Race
Summary
SAN FRANCISCO, Jan. 14, 2022 /PRNewswire/ -- Bolt, a leading checkout and shopper network company, today announced that it has secured $355 million in the first part of its Series E funding to drive the next phase of growth in the commerce race. "We couldnt be more excited to join Bolt on its journey to revolutionize online shopping, one checkout at a time," said Michael Kuchmek, Global Head of Equity Capital Markets at Schonfeld. "Through getting to know its management team, product innovation, marquee retailers, and remarkable partnerships struck, we have full confidence in Bolts ability to further simplify and democratize the checkout experience, helping both merchants and shoppers along the way." "We are excited to partner with Ryan and the incredible team at Bolt in their mission to empower merchants, brands, platforms, and publishers with the technology and infrastructure to provide a best-in-class checkout experience for consumers." Bolts retail partners have experienced 50% higher conversion, 38% faster checkout, and a 54% increase in store account creations this year.
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