Investment
Uber’s European rival Bolt brings in another €600M
Small countries in Europe producing absolute giants of companies – this includes Estonia. Back in 2013, the mobility startup Taxify was launched in Tallinn. Today, the company is under the Bolt brand, operating in over 300 cities in 45 countries. In the future Taxify will be also involved in 15-minute delivery services. In order to take the next step, founder and CEO Markus Viling has ensured another €600 million on board.
Investors like Sequoia, Tekne, Ghisallo, G Squared, D1 Capita and Naya now rate Bolt at €4 billion, which has more than doubled since March 2021. Bolt has received one of the largest funding rounds of the year. In comparison, Uber is valued at $82 billion on the stock exchange.
Delivery service platform
According to the company, around 1.5 million drivers are employed by Bolt. There are plans on expanding into supermarkets and food delivery as more food delivery services relying on bike deliveries are making waves in the market.
“Bolt is committed to making city travel affordable and sustainable. We are building a future in which people are not forced to buy cars that cause traffic and environmental pollution, but use on-demand transport when they need it,” says founder Villig. “After seven years of tireless work, Bolt’s mobility and delivery products offer a better alternative for almost any use case that requires a car. I am looking forward to making these products available to millions of customers in Europe and Africa so that the focus is no longer on the car and the cities belong to the people again.”
Europes biggest financing rounds in 2021:
| Company | Funding | Investors | Vertical | Founded in |
| Northvolt | 2,26 Mrd. Euro | VW, BMW, Goldman Sachs, Baillie Gifford, OMERS, AMF, ATP, Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Compagnia di San Paolo, IMAS Foundation, EIT InnoEnergy, u.a. | Batteries | 2016 (SWE) |
| Klarna | 1,35 Mrd. Euro
(1x 840 Mio. Euro, 1x 525 Mio. Euro) |
Softbank, Silver Lake, Sequoia Capital, Bestseller Group, Atomico, Northzone, Ant Group, Permira, Dragoneer, GIC | Fintech | 2005 (SWE) |
| Cinch | 1,2 Mrd. Euro | Abu Dhabi, Singapur, George Soros | Gebrauchtwagenplattform | 2012 (UK) |
| Celonis | 820 Mio. Euro | Durable Capital Partners, T. Rowe Price Associates, Franklin Templeton, Splunk Ventures, Arena Holdings | SaaS | 2011 (DE) |
| Trade Republic | 740 Mio. Euro | Sequoia Capital, TCV, Thrive Capital, Accel, Founders Fund, Creandum, Project A | Trading | 2015 (DE) |
| Revolut | 675 Mio. Euro | Softbank Vision Fund 2, Tiger Global | Neobank | 2015 (UK) |
| MessageBird | 674 Mio. Euro | Bonnier, Glynn Capital, LGT Lightstone, Longbow, Mousse Partners, NewView Capital | Kommunikation | 2011 (NL) |
| Mollie | 665 Mio. Euro | Blackstone Growth (BXG), EQT Growth, General Atlantic, HMI Capital, Alkeon Capital, TCV | Payment | 2004 (NL) |
| Flixmobility | 533 Mio. Euro | General Atlantic, Permira, TCV, HV Capital, Blackrock, Baillie Gifford, Canyon Partners | Mobility | 2012 (DE) |
| Bolt | 600 Mio. Euro | Sequoia, Tekne, Ghisallo, G Squared, D1 Capital, Naya | Mobility | 2013 (EST) |
| Wefox | 533 Mio. Euro | Target Global, TLV, Ace & Co, LGT, Lightrock, Partners Group, OMERS Ventures, G Squared, Horizons Ventures, Mubadala Capital, Salesforce Ventures, Speedinvest, u.a. | Insurance | 2015 (DE) |
| CMR Surgical | 500 Mio. Euro | SoftBank Vision Fund 2, Ally Bridge Group, RPMI Railpen, Tencent, Chimera | MedTech | 2014 (UK) |
| Glovo | 450 Mio. Euro | Lugard Road Capital, Luxor Capital Group, Delivery Hero, Drake Enterprises, GP Bullhound | Lieferservice | 2015 (ESP) |
| Wolt | 435 Mio. Euro | Iconiq Growth, Tiger Global, DST, KKR, Prosus, EQT Growth, 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures, Vintage Investment Partners | Delivery | 2014 (FIN) |
| SaltPay | 400 Mio. Euro | Hedosophia, Tiger Global | Fintech | 2019 (UK) |
| Starling | 374 Mio. Euro | Fidelity Management & Research Company, Qatar Investment Authority (QIA); RPMI Railpen, Millennium Management | Internetbank | 2014 (UK) |
| Checkout.com | 370 Mio. Euro | Tiger Global, Greenoaks Capital, Insight Partners, DST Global, Coatue Management, Blossom Capital, Endeavor Catalyst, Singapore Sovereign Wealth Fund | Fintech | 2012 (UK) |
| Hopin | 330 Mio. Euro | Andreessen Horowitz, General Catalyst, IVP | Online Events | 2019 (UK) |
| Ledger | 320 Mio. Euro | 10T Holdings, Cathay Innovation, Draper Associates, Draper Dragon, Draper Esprit, DCG, Korelya Capital, Wicklow Capital | Krypto-Wallets | 2014 (FRA) |
| Bought By Many | 295 Mio. Euro | Many Group, EQT Growth | Versicherungen | 2012 (UK) |
| Back Market | 276 Mio. Euro | General Atlantic Generation Investment Management, Goldman Sachs Growth, Aglaé Ventures, Eurazeo, daphni | E-Commerce | 2014 (FRA) |
| GoStudent | 275 Mio. Euro | DST Global, SoftBank Vision Fund 2, Tencent Dragoneer, Coatue, Left Lane Capital und DN Capital, Speedinvest | EdTech | 2016 (AUT) |
| KRY | 262 Mio. Euro | CPP Investments, Fidelity, Ontario Teachers‘ Pension Plan | HealthTech | 2015 (SWE) |
| Blockchain.com | 254 Mio. Euro | DST Global, Lightspeed Venture Partners, VY Capital | Blockchain | 2011 (UK) |
| Snyk | 254 Mio. Euro | Accel, Tiger Global, Addition, Boldstart Ventures, Canaan Partners, Coatue, GV, Salesforce Ventures | Cybersecurity | 2015 (UK) |
| Rapyd | 254 Mio. Euro | VC Coatue, Spark Capital, Avid Ventures, FJ Labs, Latitude, General Catalyst | Fintech | 2016 (UK) |
| Gorillas | 238 Mio. Euro | Tencent, Coatue, DST Global | Delivery | 2020 (DE) |
| Forto | 202 Mio. Euro | Vision Fund 2 | Logistik | 2016 (DE) |
| Flink | 200 Mio. Euro | Prosus, Bond, Mubadala Capital | Lieferservice | 2020 (DE) |
| Volocopter | 200 Mio. Euro | BlackRock, Avala Capital, Atlantia S.p.A., Continental AG, NTT, Tokyo Century, Geely, Daimler, DB Schenker, Intel Capital, btov Partners, Team Europe, Klocke Holding | eVTOL | 2011 (DE) |
| Sennder | 197 Mio. Euro | Baillie Gifford, Accel, Lakestar, HV Capital, Project A, Next47, Scania Growth Capital, Earlybird, Perpetual | Logistics | 2015 (DE) |
| Bunq | 192 Mio. Euro | Pollen Street Capital | Fintech | 2015 (NL) |
| Jobandtalent | 188 Mio. Euro
(1×100 Mio. Euro, 1×88 Mio. Euro) |
SoftBank Vision Fund 2, Atomico, Seek, DN Capital, InfraVia, Quadrille, Kibo, FJ Labs | Job-Plattform | 2008 (ESP) |
| Shift Technology | 185 Mio. Euro | Advent International, Avenir, Accel, Bessemer Venture Partners, General Catalyst, Iris Capital | Versicherung | 2013 (FRA) |
| Alan | 185 Mio. Euro | Coatue, Dragoneer, Exor, Index Ventures,Ribbit Capital, Temasek | Versicherung | 2016 (FRA) |
| Vestiaire Collective | 182 Mio. Euro | Kering, Tiger Global Management | Second-Hand-Mode | 2009 (FRA) |
| Bitpanda | 180 Mio. Euro | Valar Ventures, DST Global, Saurabh Sharma, David Chreng-Messembourg, Yoann Turpin | Neobroker | 2014 (AUT) |
| Wallapop | 160 Mio. Euro | Korelya Capital, Accel, Insight Partners, 14W, GP Bullhound, Northzone | E-Commerce | 2014 (ESP) |
| Scalable Capital | 150 Mio. Euro | Tencent, BlackRock, HV Capital, Tengelmann Ventures | Neobroker | 2014 (DE) |
| TravelPerk | 136 Mio. Euro | Greyhound Capital, DST, Kinnevik, Target Global, Felix Capital, Spark Capital, Heartcore, LocalGlobe, Amplo | Reisemanagement | 2015 (ESP) |
| Pleo | 126 Mio. Euro | Bain Capital Ventures und Thrive Capital. Auch frühere Investoren, wie Creandum, Kinnevik, Founders, Stripes, Seedcamp | Fintech | 2015 (DK) |
| EnergyNest | 110 Mio. Euro | Infracapital | ClimateTech | 2011 (NOR) |
| Ornikar | 101 Mio. Euro | KKR, Idinvest, BPI, Elaia, Brighteye, H14 | Mobility | 2013 (FRA) |
| Otrium | 101 Mio. Euro | BOND, Index Ventures, Eight Roads Ventures | Mode | 2015 (NL) |
| Blabacar | 97 Mio. Euro | VNV Global, Otiva J/F AB, FMZ Ventures | Reise-App | 2006 (FRA) |
| CeQur | 97 Mio. Euro | Capital Ltd., Endeavour Vision | MedTech | 2008 (CHE) |
| Einride | 92 Mio. Euro | Temasek, Soros Fund Management LLC, Northzone, Maersk Growth | Autonomes Fahren, E-Mobilität | 2016 (SWE) |
| Payfit | 90 Mio. Euro | Accel, Frst, Xavier Niel | HR | 2015 (FRA) |
| H2 Green Steel | 88 Mio. Euro | Altor Fund V, Ane & Robert Maersk Uggla, BILSTEIN GROUP, EIT InnoEnergy, Exor, FAM, IMAS Foundation, Kingspan, Marcegaglia, Mercedes-Benz AG, Scania, SMS Group, Stena Metall Finans, Cristina Stenbeck, Daniel Ek, Vargas | Nachhaltige Stahlproduktion | 2020 (SWE) |
| Oura | 84 Mio. Euro | The Chernin Group, Elysian Park | Fitness | 2013 (FIN) |
| Aiven | 84 Mio. Euro | Atomico, Salesforce Ventures, World Innovation Lab | Cloud-Anwendungen | 2016 (FIN) |
| Agicap | 84 Mio. Euro | Greenoaks, BlackFin Capital Partners, Partech | Fintech | 2016 (FRA) |
| Ankorstore | 84 Mio. Euro | Tiger Global, Bain Capital Ventures, Index Ventures, GFC, Alven, Aglaé | Einzelhandel | 2019 (FRA) |
