|

Bolt Announces $393 Million in New Funding to Fuel Commerce’s First Federated Checkout Network

Today, we announced $393 million in new funding: $333 million in Series D funding and $60 million in follow-on capital at ~18X our valuation ~18 months ago. New investors include Untitled Investments, Willoughby Capital, and Soma Capital, joining existing investors General Atlantic, Tribe Capital, Activant Capital, and Moore Strategic Venture that participated in the round. This new raise brings Bolt’s total funding to over $600 million.

Today’s one small step for Bolt, and one giant leap for online commerce. This funding brings us one step closer to ending guest checkout on the internet. Retailers and brands crave a network outside the major marketplaces and the ability to offer their customers consistent experiences. Shoppers, meanwhile, want a single identity to shop securely, wherever they are.