Uber’s rival Bolt (formerly known as Taxify) has raised an undisclosed amount of funds to bump up its valuation to over $1 billion.
As disclosed in a Techcrunch report, a Bolt spokesman said that the new fund was aimed at supporting the company’s recent re-launch in London and further expansion plans in 2019.
The investors 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. Previous investors include Didi (and by association SoftBank and Uber), Daimler, Korelya Capital and Spring Capital.
The ride hailing service hit the $1 billion mark when it raised $175 million in 2018.
More to come
