Investment

Uber’s European rival Bolt brings in another €600M

Markus Villig, CEO von Bolt. © Bolt

Small countries in Europe producing absolute giants of companies – this includes Estonia. Back in 2013, the mobility startup Taxify was launched in Tallinn. Today, the company is under the Bolt brand, operating in over 300 cities in 45 countries. In the future Taxify will be also involved in 15-minute delivery services. In order to take the next step, founder and CEO Markus Viling has ensured another €600 million on board.

Investors like Sequoia, Tekne, Ghisallo, G Squared, D1 Capita and Naya now rate Bolt at €4 billion, which has more than doubled since March 2021. Bolt has received one of the largest funding rounds of the year. In comparison, Uber is valued at $82 billion on the stock exchange.

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Delivery service platform

According to the company, around 1.5 million drivers are employed by Bolt. There are plans on expanding into supermarkets and food delivery as more food delivery services relying on bike deliveries are making waves in the market.

“Bolt is committed to making city travel affordable and sustainable. We are building a future in which people are not forced to buy cars that cause traffic and environmental pollution, but use on-demand transport when they need it,” says founder Villig. “After seven years of tireless work, Bolt’s mobility and delivery products offer a better alternative for almost any use case that requires a car. I am looking forward to making these products available to millions of customers in Europe and Africa so that the focus is no longer on the car and the cities belong to the people again.”

Europes biggest financing rounds in 2021:

Company Funding Investors Vertical Founded in
Northvolt 2,26 Mrd. Euro VW, BMW, Goldman Sachs, Baillie Gifford, OMERS, AMF, ATP, Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Compagnia di San Paolo, IMAS Foundation, EIT InnoEnergy, u.a. Batteries 2016 (SWE)
Klarna 1,35 Mrd. Euro

(1x 840 Mio. Euro, 1x 525 Mio. Euro)

Softbank, Silver Lake, Sequoia Capital, Bestseller Group, Atomico, Northzone, Ant Group, Permira, Dragoneer, GIC Fintech 2005 (SWE)
Cinch 1,2 Mrd. Euro Abu Dhabi, Singapur, George Soros Gebrauchtwagenplattform 2012 (UK)
Celonis 820 Mio. Euro Durable Capital Partners, T. Rowe Price Associates, Franklin Templeton, Splunk Ventures, Arena Holdings SaaS 2011 (DE)
Trade Republic 740 Mio. Euro Sequoia Capital, TCV, Thrive Capital, Accel, Founders Fund, Creandum, Project A Trading 2015 (DE)
Revolut 675 Mio. Euro Softbank Vision Fund 2, Tiger Global Neobank 2015 (UK)
MessageBird 674 Mio. Euro Bonnier, Glynn Capital, LGT Lightstone, Longbow, Mousse Partners, NewView Capital Kommunikation 2011 (NL)
Mollie 665 Mio. Euro Blackstone Growth (BXG), EQT Growth, General Atlantic, HMI Capital, Alkeon Capital, TCV Payment 2004 (NL)
Flixmobility 533 Mio. Euro General Atlantic, Permira, TCV, HV Capital, Blackrock, Baillie Gifford, Canyon Partners Mobility 2012 (DE)
Bolt 600 Mio. Euro Sequoia, Tekne, Ghisallo, G Squared, D1 Capital, Naya Mobility 2013 (EST)
Wefox 533 Mio. Euro Target Global, TLV, Ace & Co, LGT, Lightrock, Partners Group, OMERS Ventures, G Squared, Horizons Ventures, Mubadala Capital, Salesforce Ventures, Speedinvest, u.a. Insurance 2015 (DE)
CMR Surgical 500 Mio. Euro SoftBank Vision Fund 2, Ally Bridge Group, RPMI Railpen, Tencent, Chimera MedTech 2014 (UK)
Glovo 450 Mio. Euro Lugard Road Capital, Luxor Capital Group, Delivery Hero, Drake Enterprises, GP Bullhound Lieferservice 2015 (ESP)
Wolt 435 Mio. Euro Iconiq Growth, Tiger Global, DST, KKR, Prosus, EQT Growth, 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures, Vintage Investment Partners Delivery 2014 (FIN)
SaltPay 400 Mio. Euro Hedosophia, Tiger Global Fintech 2019 (UK)
Starling 374 Mio. Euro Fidelity Management & Research Company, Qatar Investment Authority (QIA); RPMI Railpen, Millennium Management Internetbank 2014 (UK)
Checkout.com 370 Mio. Euro Tiger Global, Greenoaks Capital, Insight Partners, DST Global, Coatue Management, Blossom Capital, Endeavor Catalyst, Singapore Sovereign Wealth Fund Fintech 2012 (UK)
Hopin 330 Mio. Euro Andreessen Horowitz, General Catalyst, IVP Online Events 2019 (UK)
Ledger 320 Mio. Euro 10T Holdings, Cathay Innovation, Draper Associates, Draper Dragon, Draper Esprit, DCG, Korelya Capital, Wicklow Capital Krypto-Wallets 2014 (FRA)
Bought By Many 295 Mio. Euro Many Group, EQT Growth Versicherungen 2012 (UK)
Back Market 276 Mio. Euro General Atlantic Generation Investment Management, Goldman Sachs Growth, Aglaé Ventures, Eurazeo,  daphni E-Commerce 2014 (FRA)
GoStudent 275 Mio. Euro DST Global, SoftBank Vision Fund 2, Tencent Dragoneer, Coatue, Left Lane Capital und DN Capital, Speedinvest EdTech 2016 (AUT)
KRY 262 Mio. Euro CPP Investments, Fidelity, Ontario Teachers‘ Pension Plan HealthTech 2015 (SWE)
Blockchain.com 254 Mio. Euro DST Global, Lightspeed Venture Partners, VY Capital Blockchain 2011 (UK)
Snyk 254 Mio. Euro Accel, Tiger Global, Addition, Boldstart Ventures, Canaan Partners, Coatue, GV, Salesforce Ventures Cybersecurity 2015 (UK)
Rapyd 254 Mio. Euro VC Coatue, Spark Capital, Avid Ventures, FJ Labs, Latitude, General Catalyst Fintech 2016 (UK)
Gorillas 238 Mio. Euro Tencent, Coatue, DST Global Delivery 2020 (DE)
Forto 202 Mio. Euro Vision Fund 2 Logistik 2016 (DE)
Flink 200 Mio. Euro Prosus, Bond, Mubadala Capital Lieferservice 2020 (DE)
Volocopter 200 Mio. Euro BlackRock, Avala Capital, Atlantia S.p.A., Continental AG, NTT, Tokyo Century, Geely, Daimler, DB Schenker, Intel Capital, btov Partners, Team Europe, Klocke Holding eVTOL 2011 (DE)
Sennder 197 Mio. Euro Baillie Gifford, Accel, Lakestar, HV Capital, Project A, Next47, Scania Growth Capital, Earlybird, Perpetual Logistics 2015 (DE)
Bunq 192 Mio. Euro Pollen Street Capital Fintech 2015 (NL)
Jobandtalent 188 Mio. Euro

(1×100 Mio. Euro, 1×88 Mio. Euro)

SoftBank Vision Fund 2, Atomico, Seek, DN Capital, InfraVia, Quadrille, Kibo, FJ Labs Job-Plattform 2008 (ESP)
Shift Technology 185 Mio. Euro Advent International, Avenir, Accel, Bessemer Venture Partners, General Catalyst, Iris Capital Versicherung 2013 (FRA)
Alan 185 Mio. Euro Coatue, Dragoneer, Exor, Index Ventures,Ribbit Capital, Temasek Versicherung 2016 (FRA)
Vestiaire Collective 182 Mio. Euro Kering, Tiger Global Management Second-Hand-Mode 2009 (FRA)
Bitpanda 180 Mio. Euro Valar Ventures, DST Global, Saurabh Sharma, David Chreng-Messembourg, Yoann Turpin Neobroker 2014 (AUT)
Wallapop 160 Mio. Euro Korelya Capital, Accel, Insight Partners, 14W, GP Bullhound, Northzone E-Commerce 2014 (ESP)
Scalable Capital 150 Mio. Euro Tencent, BlackRock, HV Capital, Tengelmann Ventures Neobroker 2014 (DE)
TravelPerk 136 Mio. Euro Greyhound Capital, DST, Kinnevik, Target Global, Felix Capital, Spark Capital, Heartcore, LocalGlobe, Amplo Reisemanagement 2015 (ESP)
Pleo 126 Mio. Euro Bain Capital Ventures und Thrive Capital. Auch frühere Investoren, wie Creandum, Kinnevik, Founders, Stripes, Seedcamp Fintech 2015 (DK)
EnergyNest 110 Mio. Euro Infracapital ClimateTech 2011 (NOR)
Ornikar 101 Mio. Euro KKR, Idinvest, BPI, Elaia, Brighteye, H14 Mobility 2013 (FRA)
Otrium 101 Mio. Euro BOND, Index Ventures, Eight Roads Ventures Mode 2015 (NL)
Blabacar 97 Mio. Euro VNV Global, Otiva J/F AB, FMZ Ventures Reise-App 2006 (FRA)
CeQur 97 Mio. Euro Capital Ltd., Endeavour Vision MedTech 2008 (CHE)
Einride 92 Mio. Euro Temasek, Soros Fund Management LLC, Northzone, Maersk Growth Autonomes Fahren, E-Mobilität 2016 (SWE)
Payfit 90 Mio. Euro Accel, Frst, Xavier Niel  HR 2015 (FRA)
H2 Green Steel 88 Mio. Euro Altor Fund V, Ane & Robert Maersk Uggla, BILSTEIN GROUP, EIT InnoEnergy, Exor, FAM, IMAS Foundation, Kingspan, Marcegaglia, Mercedes-Benz AG, Scania, SMS Group, Stena Metall Finans, Cristina Stenbeck, Daniel Ek, Vargas Nachhaltige Stahlproduktion 2020 (SWE)
Oura 84 Mio. Euro The Chernin Group, Elysian Park Fitness 2013 (FIN)
Aiven 84 Mio. Euro Atomico, Salesforce Ventures, World Innovation Lab Cloud-Anwendungen 2016 (FIN)
Agicap 84 Mio. Euro Greenoaks, BlackFin Capital Partners, Partech Fintech 2016 (FRA)
Ankorstore 84 Mio. Euro Tiger Global, Bain Capital Ventures, Index Ventures, GFC, Alven, Aglaé Einzelhandel 2019 (FRA)

 

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