Bolt Nets $75 Million in New Funding

Bolt Nets $75 Million in New Funding

December 30, 2020

E-commerce checkout and antifraud platform Bolt has secured a $75 million Series C1 funding round after a chaotic 2020 that saw many online businesses thrive as quarantined consumers worldwide took more of their shopping than ever online.

The company enables consumers to set up accounts it says make the checkout process easier and fraud prevention more effective. Bolt’s network currently has 4.5 million shopper accounts but said in a blog post it expects to reach 30 million by the end of next year.

The San Francisco-based startup has raised a total of $120 million since it was founded in 2014. The current funding round was led by Wescap and former Airbnb CFO Laurence Tosi.

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