FT Partners is pleased to announce our role as exclusive strategic and financial advisor to Bolt on its $355 million Series E financing at an $11 billion valuation, led by funds & accounts managed by BlackRock, with participation from new investors Schonfeld, Invus Opportunities, H.I.G. Growth, and CE Innovation Capital, in addition to return investors Activant Capital, XN, and Moore Strategic Ventures.
Headquartered in San Francisco, Bolt strengthens retailers' relationships with their customers by unlocking secure, logged-in, lightning-fast checkouts. The Company's rapidly-growing network of one-click-checkout-ready shoppers visits Bolt merchants as if they are return customers.
The Bolt transaction highlights the long-term nature of many of our client relationships, as we previously advised the Company on its ~$393 million growth financing in October 2021. Bolt's valuation has increased ~30x over the past 30 months, and nearly doubled since the previous transaction just three months ago. This transaction also builds on FT Partners' highly successful track record in raising multi-hundred million dollar rounds for high-growth FinTech companies around the globe.