Overview of Transaction

• On October 12, 2021, Bolt announced it has raised $333 million in Series D funding and ~$60 million in follow-on capital led by a London-based growth venture capital firm, for a total amount of ~$393 million
• New financial investors participating in the round include Untitled Investments and Willoughby Capital, and existing investors include General Atlantic, Activant, and Tribe Capital
• New strategic investors include some of the largest eCommerce and Payments companies in the world
• Bolt strengthens retailers' relationships with their customers by unlocking secure, logged-in, lightning-fast checkouts
• The Company's rapidly-growing network of one-click-checkout-ready shoppers visits Bolt merchants as if they are return customers.
• Hundreds of retailers — including Forever 21, Badgley Mischka, and Burt’s Bees Baby — leverage Bolt to offer their shoppers the seamless checkout experiences they've come to expect

Significance of Transaction

• Bolt has increased its valuation by ~18x from ~18 months ago
• The oversubscribed financing validates the massive potential of a network that has grown to more ten million shoppers, with an additional 50 million shoppers queued up to be added based on existing commitments and partnerships
• This additional capital will enable Bolt to accelerate the pace of its product innovation, to continue recruiting top talent with a specific focus on scaling its product and engineering organizations, to onboard more customers, and to expand its operations into Europe

FT Partners' Role

• FT Partners served as exclusive financial and strategic advisor to Bolt
• This transaction underscores FT Partners' deep payments and e-commerce domain expertise and successful track record of driving optimal outcomes for high growth FinTech companies globally