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Online Checkout Firm Bolt Valued At $11B After Blackrock-led Funding- Source - Cna

by channelnewsasia.com posted 1week ago 8 views
Online checkout platform Bolt raised $355 million in a late-stage funding round led by fund manager BlackRock Inc at a valuation of $11 billion, according to people familiar with the matter. Other investors who participated in the series E funding round include Schonfeld, Invus Opportunities, H.I.G. Growth and CE Innovation Capital, along with existing investors Activant Capital and Moore Strategic Ventures. San Francisco-based Bolt said on Friday it intends to use the capital for product development, hire employees and expand into new international markets.

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