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Bolt Logistics Secures $115M In Series B Financing To Power The Digital Transformation Of Logistics

Nov 08, 2021•over 3 years ago

Amount Raised

$115 Million

Round Type

series b

Toronto

Description

Bolt Logistics (“Bolt”), a leading Canadian technology-enabled logistics and last-mile delivery provider, is proud to announce it has raised CAD $115 million in financing, bringing the total funds raised by the company to date to more than $150 million. The investment was led by new investors Yaletown Partners, with participation from Ingka Investments (the investment arm of Ingka Group, the main IKEA retailer), Northleaf Capital Partners, Bank of Montreal, and Kensington Capital, and existing investors including Whitecap Venture Partners, Intact Ventures, MIG and Michael Hyatt.

Company Information

Company

Bolt Logistics

Location

Toronto, Ontario, Canada

About

Founded in 2017, Bolt Logistics (“Bolt”) is a leading Canadian technology-enabled logistics and last-mile delivery provider for businesses of all sizes – from small local e-commerce shops to large national retailers. Bolt provides a customer-centric and sustainable approach to fulfillment, including reliable warehousing, pick and pack, shipping, and last-mile delivery. By operating as an extension of every customer’s team, Bolt delivers best-in-class services every step of the way, ensuring faster, more cost-effective, and complete customer deliveries. Bolt also strives to be carbon negative by 2023 and is building Canada’s largest electric vehicle fleet. For more information on why Canada’s largest box mattress companies, furniture businesses, and e-commerce entrepreneurs trust Bolt as their fulfillment partner, visit gobolt.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech