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Bolt, the European on-demand transport company, raises $109M on a $1.9B valuation

Bolt, a rival to Uber and others providing on-demand ridesharing, scooters and other transportation services across some 150 cities in Europe and Africa, is today announcing another capital raise as it weathers a difficult market climate where, because of COVID-19, many are staying in place and avoiding modes of transport that put them into contact with others.
The Estonia-based company is today announcing that it has picked up an additional 100 million ($109 million) in a convertible note. Bolt also confirmed that is now valued at 1.7 billion (or nearly $1.9 billion at todays rates).
The money is coming from a single investor, Naya Capital Management, which was also a major backer of the company in its last round, a $67 million Series C in July 2019.
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