Bolt, which provides online checkout tech, has ‘bolted on’ $75mn to its Series C round.
In Brief:
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The total Series C funding raised is now $125mn.
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The new funding was led by WestCap and General Atlantic.
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The company’s valuation is said to have doubled as a result of the round.
What does this mean?
The business has chosen to add onto its Series C round as it plans a larger Series D round for some time in the future. As ecommerce grows, especially spurred on by the global pandemic, Bolt’s platform will likely continue to see interest from investors.
