E-Commerce Startup Bolt Nearly Doubles Valuation to $11 Billion
(Bloomberg) -- Bolt Financial Inc., a startup that makes online shopping tools used by Forever 21 and other retailers, raised funds valuing the business at $11 billion, a person familiar with the terms said.
The deal nearly doubles Bolt’s valuation from just three months ago, said the person, who asked not to be identified because the terms are private.
Bolt sells software to online retailers that promises a one-click checkout system similar to Amazon.com Inc.’s. Last year, the company expanded to Europe with two business partnerships.
©2022 Bloomberg L.P.