Paul, Weiss, Rifkind, Wharton & Garrison LLP

08/02/2021 | News release | Distributed by Public on 08/03/2021 08:29

D1 Capital Invests in Bolt

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.

The Paul, Weiss team included corporate partners Ted Ackerman and Raphael Russo; litigation partner Aidan Synnott; tax partner David Mayo; and antitrust counsel Marta Kelly.

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