08/02/2021 | News release | Distributed by Public on 08/03/2021 08:29
Paul, Weiss represented D1 Capital in its investment in Bolt, the leading European mobility platform. The investment was part of Bolt's $713 million funding round and values Bolt at about $4.75 billion, more than double its last private valuation of $2 billion. Venture capital firm Sequoia and fund managers Tekne and Ghisallo backed the financing, while D1 Capital, G Squared and Naya increased their holdings. The funds will be used to boost Bolt's new grocery delivery service, Bolt Market, and accelerate its expansion of existing mobility and delivery products.