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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.

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:

CompanyFundingInvestorsVerticalFounded in
Northvolt2,26 Mrd. EuroVW, 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.Batteries2016 (SWE)
Klarna1,35 Mrd. Euro

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

Softbank, Silver Lake, Sequoia Capital, Bestseller Group, Atomico, Northzone, Ant Group, Permira, Dragoneer, GICFintech2005 (SWE)
Cinch1,2 Mrd. EuroAbu Dhabi, Singapur, George SorosGebrauchtwagenplattform2012 (UK)
Celonis820 Mio. EuroDurable Capital Partners, T. Rowe Price Associates, Franklin Templeton, Splunk Ventures, Arena HoldingsSaaS2011 (DE)
Trade Republic740 Mio. EuroSequoia Capital, TCV, Thrive Capital, Accel, Founders Fund, Creandum, Project ATrading2015 (DE)
Revolut675 Mio. EuroSoftbank Vision Fund 2, Tiger GlobalNeobank2015 (UK)
MessageBird674 Mio. EuroBonnier, Glynn Capital, LGT Lightstone, Longbow, Mousse Partners, NewView CapitalKommunikation2011 (NL)
Mollie665 Mio. EuroBlackstone Growth (BXG), EQT Growth, General Atlantic, HMI Capital, Alkeon Capital, TCVPayment2004 (NL)
Flixmobility533 Mio. EuroGeneral Atlantic, Permira, TCV, HV Capital, Blackrock, Baillie Gifford, Canyon PartnersMobility2012 (DE)
Bolt600 Mio. EuroSequoia, Tekne, Ghisallo, G Squared, D1 Capital, NayaMobility2013 (EST)
Wefox533 Mio. EuroTarget Global, TLV, Ace & Co, LGT, Lightrock, Partners Group, OMERS Ventures, G Squared, Horizons Ventures, Mubadala Capital, Salesforce Ventures, Speedinvest, u.a.Insurance2015 (DE)
CMR Surgical500 Mio. EuroSoftBank Vision Fund 2, Ally Bridge Group, RPMI Railpen, Tencent, ChimeraMedTech2014 (UK)
Glovo450 Mio. EuroLugard Road Capital, Luxor Capital Group, Delivery Hero, Drake Enterprises, GP BullhoundLieferservice2015 (ESP)
Wolt435 Mio. EuroIconiq Growth, Tiger Global, DST, KKR, Prosus, EQT Growth, 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures, Vintage Investment PartnersDelivery2014 (FIN)
SaltPay400 Mio. EuroHedosophia, Tiger GlobalFintech2019 (UK)
Starling374 Mio. EuroFidelity Management & Research Company, Qatar Investment Authority (QIA); RPMI Railpen, Millennium ManagementInternetbank2014 (UK)
Checkout.com370 Mio. EuroTiger Global, Greenoaks Capital, Insight Partners, DST Global, Coatue Management, Blossom Capital, Endeavor Catalyst, Singapore Sovereign Wealth FundFintech2012 (UK)
Hopin330 Mio. EuroAndreessen Horowitz, General Catalyst, IVPOnline Events2019 (UK)
Ledger320 Mio. Euro10T Holdings, Cathay Innovation, Draper Associates, Draper Dragon, Draper Esprit, DCG, Korelya Capital, Wicklow CapitalKrypto-Wallets2014 (FRA)
Bought By Many295 Mio. EuroMany Group, EQT GrowthVersicherungen2012 (UK)
Back Market276 Mio. EuroGeneral Atlantic Generation Investment Management, Goldman Sachs Growth, Aglaé Ventures, Eurazeo,  daphniE-Commerce2014 (FRA)
GoStudent275 Mio. EuroDST Global, SoftBank Vision Fund 2, Tencent Dragoneer, Coatue, Left Lane Capital und DN Capital, SpeedinvestEdTech2016 (AUT)
KRY262 Mio. EuroCPP Investments, Fidelity, Ontario Teachers‘ Pension PlanHealthTech2015 (SWE)
Blockchain.com254 Mio. EuroDST Global, Lightspeed Venture Partners, VY CapitalBlockchain2011 (UK)
Snyk254 Mio. EuroAccel, Tiger Global, Addition, Boldstart Ventures, Canaan Partners, Coatue, GV, Salesforce VenturesCybersecurity2015 (UK)
Rapyd254 Mio. EuroVC Coatue, Spark Capital, Avid Ventures, FJ Labs, Latitude, General CatalystFintech2016 (UK)
Gorillas238 Mio. EuroTencent, Coatue, DST GlobalDelivery2020 (DE)
Forto202 Mio. EuroVision Fund 2Logistik2016 (DE)
Flink200 Mio. EuroProsus, Bond, Mubadala CapitalLieferservice2020 (DE)
Volocopter200 Mio. EuroBlackRock, Avala Capital, Atlantia S.p.A., Continental AG, NTT, Tokyo Century, Geely, Daimler, DB Schenker, Intel Capital, btov Partners, Team Europe, Klocke HoldingeVTOL2011 (DE)
Sennder197 Mio. EuroBaillie Gifford, Accel, Lakestar, HV Capital, Project A, Next47, Scania Growth Capital, Earlybird, PerpetualLogistics2015 (DE)
Bunq192 Mio. EuroPollen Street CapitalFintech2015 (NL)
Jobandtalent188 Mio. Euro

(1×100 Mio. Euro, 1×88 Mio. Euro)

SoftBank Vision Fund 2, Atomico, Seek, DN Capital, InfraVia, Quadrille, Kibo, FJ LabsJob-Plattform2008 (ESP)
Shift Technology185 Mio. EuroAdvent International, Avenir, Accel, Bessemer Venture Partners, General Catalyst, Iris CapitalVersicherung2013 (FRA)
Alan185 Mio. EuroCoatue, Dragoneer, Exor, Index Ventures,Ribbit Capital, TemasekVersicherung2016 (FRA)
Vestiaire Collective182 Mio. EuroKering, Tiger Global ManagementSecond-Hand-Mode2009 (FRA)
Bitpanda180 Mio. EuroValar Ventures, DST Global, Saurabh Sharma, David Chreng-Messembourg, Yoann TurpinNeobroker2014 (AUT)
Wallapop160 Mio. EuroKorelya Capital, Accel, Insight Partners, 14W, GP Bullhound, NorthzoneE-Commerce2014 (ESP)
Scalable Capital150 Mio. EuroTencent, BlackRock, HV Capital, Tengelmann VenturesNeobroker2014 (DE)
TravelPerk136 Mio. EuroGreyhound Capital, DST, Kinnevik, Target Global, Felix Capital, Spark Capital, Heartcore, LocalGlobe, AmploReisemanagement2015 (ESP)
Pleo126 Mio. EuroBain Capital Ventures und Thrive Capital. Auch frühere Investoren, wie Creandum, Kinnevik, Founders, Stripes, SeedcampFintech2015 (DK)
EnergyNest110 Mio. EuroInfracapitalClimateTech2011 (NOR)
Ornikar101 Mio. EuroKKR, Idinvest, BPI, Elaia, Brighteye, H14Mobility2013 (FRA)
Otrium101 Mio. EuroBOND, Index Ventures, Eight Roads VenturesMode2015 (NL)
Blabacar97 Mio. EuroVNV Global, Otiva J/F AB, FMZ VenturesReise-App2006 (FRA)
CeQur97 Mio. EuroCapital Ltd., Endeavour VisionMedTech2008 (CHE)
Einride92 Mio. EuroTemasek, Soros Fund Management LLC, Northzone, Maersk GrowthAutonomes Fahren, E-Mobilität2016 (SWE)
Payfit90 Mio. EuroAccel, Frst, Xavier Niel HR2015 (FRA)
H2 Green Steel88 Mio. EuroAltor 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, VargasNachhaltige Stahlproduktion2020 (SWE)
Oura84 Mio. EuroThe Chernin Group, Elysian ParkFitness2013 (FIN)
Aiven84 Mio. EuroAtomico, Salesforce Ventures, World Innovation LabCloud-Anwendungen2016 (FIN)
Agicap84 Mio. EuroGreenoaks, BlackFin Capital Partners, PartechFintech2016 (FRA)
Ankorstore84 Mio. EuroTiger Global, Bain Capital Ventures, Index Ventures, GFC, Alven, AglaéEinzelhandel2019 (FRA)

 

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