D1 leads €150m round for Bolt

D1 deploys capital in both public and private markets on behalf of institutional investors worldwide, according to Bloomberg. Its investment strategy focuses on medium to long-term returns across the consumer, healthcare, industrial, real estate, business and financial services, and technology, media and telecoms sectors.

Darsana was founded by Anand Desai, formerly of Eton Park Capital Management. It currently has $2.7bn in asset under management.

Bolt will use the funds to enhance the safety and quality of its products as it continues to grow its ride-hailing, scooter hire and food delivery services in Europe and Africa.

Previous funding
In 2014, TMT Investments and Rubylight provided funding of €1.4m for Bolt.

In May 2018, German automotive firm Daimler, Korelya Capital, Chinese ride-sharing app Did Chuxing and Transferwise founder Taavet Hinrikus completed a $175m funding round for the company.

Bolt raised $67m in a series-C in July 2019. The backers included Nordic Ninja, Naya Capital, Creandum, G Squared, Invenfin and Superangel.

Company
Founded in 2013 and based in Tallinn, Bolt is ride-hailing platform. The company now covers 200 cities, according to EU Startups.

People
D1 Capital Partners – Dan Sundheim (founder).

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