Sorainen has advised Bolt on a EUR 600 million investment round from new investors Sequoia, Tekne, and Ghisallo, as well as existing investors G Squared, D1 Capital, and Naya.
According to Sorainen, “the funds will be used to boost Bolt’s new grocery delivery service, Bolt Market, and accelerate the expansion of existing mobility and delivery products.” In addition, Sorainen reports that the latest investment round brings Bolt’s valuation to more than EUR 4 billion.
Sorainen’s team consisted of Partner Toomas Prangli, Senior Associate Mirell Prosa, and Associate Vladislav Leiri.
The firm did not reply to our inquiry about the deal.