Even after Uber and Lyft's lackluster IPOs forcing several investors and companies to reexamine the ride-sharing market, however other companies are still finding their own success. Bolt, a ride-sharing, scooter, and food delivery company based out of Estonia, recently finished their first fundraising round that now values the company at $1 billion.
“We have closed a new funding round, aimed at supporting our recent launch in London and further expansion plans in 2019,” a spokesperson said in a short statement to TechCrunch.
The spokesperson would not elaborate on the size of the round, but technically, this would be a Series C. To date, Bolt has raised $185 million with its last big investment valuing it at $1 billion.
The backers in this latest funding include Nordic Ninjas — a new fund out of Sweden backed by a number of Japanese LPs to invest in Northern European startups (Bolt is based out of Tallinn) — as well as Naya Capital (founded by hedge fund investor Masroor Siddiqui), Creandum and G Squared.
News sites are still trying to see if we can get further investor names and more details on the numbers. Previous investors in Bolt have included Didi (and by association SoftBank and Uber), Daimler, Korelya Capital and Spring Capital, although Spring is not in this round.
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