If you work for a company called Bolt, it’s been a pretty good week.
On Tuesday, we reported that the Estonia-based super app Bolt had wrapped its biggest funding round to date, taking in $714 million and raising the firm’s valuation to $8.4 billion.
And on Friday (Jan. 14), the San Francisco headless commerce company Bolt said it had secured $355 million during a Series E funding round, bringing the startup’s total funding to nearly $1 billion.
“Since Bolt’s founding, we’ve relentlessly focused on improving the online purchasing experience,” Bolt founder and CEO Ryan Breslow said in a news release.
“We’re very proud to partner with this prestigious group of investors as we accelerate our product development, hire top product and engineering talent, ramp up our strategic investments, forge more partnerships, expand internationally, and roll out more Conscious Culture initiatives to transform workplaces for the better.”
Bolt offers an eCommerce checkout service that verifies things like identity, accounts, payments and post-purchase infrastructure. It also specializes in providing one-click checkout technology designed for sellers who don’t use Amazon.
The company says its latest funding round values Bolt at approximately 30 times its valuation from 30 months ago, and close to double its valuation from the fall of 2021. As we reported in December, Bolt was eyeing a $14 billion valuation ahead of the launch of this funding round.
“The company saw stellar momentum in 2021, growing gross merchandise value per merchant by 80%, its number of accounts by 180%, and its transactions by 200% year over year,” the release said.
Last year also saw Bolt form a partnership with Adobe, which allows retailers using Adobe eCommerce software tools to add one-click checkout.