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Sorainen Advises Bolt on USD 709 Million Investment Round

Sorainen Advises Bolt on USD 709 Million Investment Round

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Sorainen has advised mobility platform Bolt on raising USD 709 million.

Sequoia Capital, Fidelity Management and Research Company LLC co-led the round with Whale Rock, Owl Rock, D1, G Squared, Tekne, and Ghisallo participating among others. According to the firm, Bolt’s valuation now is USD 8.4 billion.

According to Sorainen, “Bolt will be using the funds to continue expanding to new geographies and to bring more consumers and partners to its “super app”; as well as for newer business lines, such as its 15-minute grocery delivery option Bolt Market, including building out ‘dark stores’ in more cities to expand the service beyond the ten where it’s active today.”

Sorainen’s team included Partner Toomas Prangli, Senior Associate Mirell Prosa, and Associate Vladislav Leiri.

Sorainen could not provide additional information on the deal.

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