Browse recent press releases and media coverage.
[Retail Dive] Bolt, the world’s first leading Checkout Experience Platform, today announced a strategic partnership with Authentic Brands Group (ABG), one of the largest brand owners in the United States that generates more than $14 billion in annual retail sales. ABG’s massive global portfolio includes Lucky Brand, Brooks Brothers, Aéropostale, Juicy Couture, Nautica, and Sports Illustrated. Through the partnership, Bolt’s seamless checkout, payments, and fraud protection technology will be available to ABG’s global ecommerce network, starting with Forever 21’s website and app.
[Forbes] Bottom Line: By helping independent online retailers standardize on their One Click Checkout process, Bolt creates a network effect across online retailers, leading to 250,000 new online customers joining every month. Given a choice, many online retailers want to stay independent of online marketplaces, including Amazon and retain their customer relationships.
[PR Wire] BORN Group (www.borngroup.com), an award-winning global agency that combines creative design, content production, and eCommerce services, is excited to announce the integration of leading payment solution, Bolt to their Salesforce Commerce Cloud Accelerator, Arctic Fox. ‘We are thrilled to announce the new integration of Bolt to our Arctic Fox accelerator and we look forward to bringing their best-of-breed payment solution to future customers globally,’ adds Minna Rhee, Managing Director.
[The Org] E-commerce checkout startup Bolt has hired former Amazon exec Maju Kuruvilla as its first CTO. Kuruvilla most recently served as VP and GM of Global Mile, Amazon’s international shipping and logistics organization, where he helped lead its global fulfillment and logistics teams. Kuruvilla will lead the product and engineering teams for the rapidly growing startup, which is expected to double in size in 2021.
[Business Insider] E-commerce checkout startup Bolt just hired its first CTO, former Amazon exec Maju Kuruvilla, who helped lead its global fulfillment and logistics teams. Bolt, which was launched in 2014, saw massive growth in 2020, doubling its users and signing a partnership with Authentic Brands Group, to retailers like Aéropostale, Forever 21, and Lucky Brand Jeans.
[Refresh Miami] Ryan Breslow is the founder and CEO of San Francisco-based Bolt, a fintech startup that recently ranking No. 22 in the Deloitte Technology Fast 500, and he’s one of them. He’s here for at least an extended stay and perhaps longer. Breslow attended public elementary and middle schools in South Florida and was a Michael M. Krop Senior High super-grad, where he was a 2012 Miami Herald Silver Knight and a winner in the Herald’s Business Plan Challenge contest, among many other honors. He also started several businesses while still in high school, including one helping businesses set up e-commerce sites, while also working at Publix.
[Built-in SF] On Monday, the company announced that it brought in $75 million in additional funds for its Series C-1. Back in July, the company got things started with $50 million. The latest round, co-led by General Atlantic and Westcap, brings the company’s total Series C earnings to $125 million.
[VentureBeat] The checkout platform Bolt — not to be confused with the blockchain startup Bolt Labs, the hardware investor Bolt, or the ride-sharing firm formerly known as Taxify — today announced that it recently closed a $75 million funding round. The infusion comes after a year during which Bolt processed over $1 billion in retail transactions, saw a 10 times uptick in the size of its shopper network, and added more than 250,000 shoppers to its network every month.
[TechCrunch] Bolt, a startup that offers online checkout technology to retailers, announced this morning that it has added $75 million to its Series C round, bringing the financing to a total of $125 million. WestCap and General Atlantic led the new tranche, which Bolt CEO Ryan Breslow told TechCrunch was raised at around twice its Series C valuation. PitchBook pegs the company’s Series C at a post-money valuation of $500 million, implying that the Series C1 values Bolt at around $1 billion. The company is calling the latest check its “Series C1.” Why not just call it a Series D? According to Breslow, Bolt’s future Series D will be much larger.
[Crunchbase] Bolt, which is developing a one-click checkout experience platform, brought in $75 million in additional funds for its Series C to give it a total round of $135 million. San Francisco-based Bolt, founded in 2014, gives retailers and consumers more choice, control and flexibility over their transactions by managing the back-end of the checkout—presenting payment options, securely processing payments, and mitigating fraud—while providing a seamless front-end experience.
[Forbes] Bottom Line: Bolt helps online retailers deliver a familiar and seamless one-click checkout so they can better compete with Amazon as online shopping reaches unprecedented rates. The company announced $75 million in new funding co-led by General Atlantic and WestCap, with support from existing investors at Activant Capital and Tribe Capital. Bolt also recently welcomed Bob Buch as Chief Business Officer to lead key aspects of the organization.
[PYMNTS] Checkout platform Bolt has closed a funding round with $75 million, capping a year where it processed $1 billion in transactions, according to a report by Venture Beat. Bolt also saw a tenfold increase in the size of its shopper network, along with 250,000 added shoppers to its network per month. The round saw the company’s valuation hit over $215 million. The round was led by General Atlantic and WestCap, and existing investors Activant Capital and Tribe Capital also participated.
[TechCrunch] This morning after contrasting a PitchBook-derived $500 million, post-money valuation for Bolt’s Series C that its CEO had said was roughly doubled in its Series C1, TechCrunch discovered that the online checkout software company likely landed a new valuation right around the unicorn mark. Bolt’s PR team declined to share a new valuation or grade our math, saying that its framing was “fine.”… Bolt’s round fits neatly into a number of trends that we’ve been watching: inside rounds being bullish not bearish in 2020, the fastest-growing companies raising two rounds this year and the incredible focus by venture investors into startups that were not merely surviving COVID-19, but benefiting from how it shook up the market. Image Credits: Nigel Sussman
[Retail Dive] Bolt, the fastest, easiest, and most secure checkout platform, is announcing $75M in new funding, for a total of $215M raised to-date. This latest round is co-led by General Atlantic and WestCap, two leading growth equity firms, with participation from existing investors Activant Capital and Tribe Capital. Angel investors in Bolt include founders and retail executives at Allbirds, Athleta, Crocs, Jet.com, and REVOLVE, as well as technology executives from Venmo, PayPal, and Magento.
[Forbes] 37% of online shoppers trust Amazon, E-Bay and Etsy to protect them from online fraud versus 5% trusting independent online retailers. False declines to online transactions lead 63% of customers to find a new retailer to shop and buy online. 35% of online customers who experience a false decline abandon their shopping carts and never complete the purchase. These and many other fascinating insights are from Bolt’s 2020 Winter Ecommerce Fraud Report, A Retailer’s Guide to Consumer Sentiments, published earlier this week. The report’s findings are based on a survey of 848 randomly selected U.S. adults to measure how perceptions of fraud impact online shopping behavior. Respondents were asked questions regarding payment methods, checkout, brand perception, personal data and other related topics. For additional details on the methodology, please see page 10 of the study.
[CB Insights] The Retail Tech 100 is CB Insights’ annual ranking of the 100 most promising B2B retail tech companies in the world. This year’s winning companies include startups working on e-commerce infrastructure, supply chain automation, cashierless checkout, and more. E-commerce infrastructure is the leading category in the 2020 cohort, with 12 winners. These companies provide retailers with the necessary tools to build and add features to their e-commerce channels, such as by facilitating mobile and social commerce. Online checkout features such as Bolt increase online sales conversions by enabling faster checkout via single-click solutions.
[Press Release] Bolt, the world’s first leading Checkout Experience Platform, today announced a strategic partnership with Authentic Brands Group (ABG), one of the largest brand owners in the United States that generates more than $14 billion in annual retail sales. ABG’s massive global portfolio includes Lucky Brand, Brooks Brothers, Aéropostale, Juicy Couture, Nautica, and Sports Illustrated. Through the partnership, Bolt’s seamless checkout, payments, and fraud protection technology will be available to ABG’s global ecommerce network, starting with Forever 21’s website and app.
[Press Release] Bolt, the world’s first Checkout Experience Platform, today announced it has been named a BigCommerce Elite Technology Partner, providing more than 60,000 BigCommerce customers access to one holistic platform to easily manage and improve checkout, payments, and fraud protection. BigCommerce customers can integrate Bolt’s technology through the BigCommerce App Marketplace. Since 2018, Bolt has provided its checkout solution to over 80 enterprise BigCommerce customer stores, helping these businesses increase lifetime value through single-click return checkout, faster guest checkout, better approval rates, reduced fraud, and improved overall customer satisfaction scores.
[Press Release] Bolt, the world’s first checkout experience platform, today announces a $50 million Series C round, led by Laurence Tosi at WestCap, who notably scaled Airbnb’s payments platform to span 181 countries and served as CFO at Blackstone for seven years. He joins existing investors Activant Capital; Tribe Capital; Glynn Capital; and Human Capital, alongside new investments from a collection of current and former executives and board members* from Magento, Venmo, PayPal, Lyft, Tommy Hilfiger, Tesla, and Lululemon. This new raise brings the company’s total funding to just shy of $140 million, and with it, Bolt unveils the world’s first checkout experience platform to give retailers and consumers more choice, control, and flexibility over their transactions.
[Forbes] 353 of the 500 fastest-growing companies in North America are in the software industry according to Deloitte’s 2020 Tech Fast 500, the most ever in the history of their rankings and a 3% increase over last year. Notable software companies ranked in Deloitte’s 2020 Tech Fast 500 include Bolt, Illumio, LogicMonitor and Seeq. Retailers need e-commerce software to drive sales online. Bolt’s success with its Checkout Experience Platform and it now being the platform of choice for Authentic Brands Group’s Forever 21 e-commerce relaunch are a case in point.
[Digital] Authentic Brands Group, the parent company of Forever 21, has partnered with Bolt for a new online checkout experience. Bolt will offer single-click online checkout for Forever 21 customers, as well as the opportunity to save their information across ABG’s other e-commerce platforms. ABG and Bolt will also introduce a subscription-based program that features exclusive perks and rewards in Q1 2021. ABG plans to expand the partnership to its other brands, which include Lucky Brand, Brooks Brothers, Aéropostale, Juicy Couture, and Nautica.
[Deloite] For the past 26 years, Deloitte has been honoring the most innovative public and private technology companies that hail from cities across North America. The ranking is compiled based on submitted applications and public company database research, with winners selected based on percentage fiscal-year growth over a three-year period. Bolt was ranked #22 overall, #3 in the Bay Area and #1 in Fintech!
[Glossy] The new checkout experience, the product of a partnership with fintech startup Bolt, will be rolled out on Forever 21’s e-commerce site this week. It will eventually make its way to all of ABG’s brands, and act as a foundation for a cross-brand loyalty program that will launch in the future, Adam Kronengold, ABG’s chief digital officer, told Glossy. “Solving an issue like checkout and payment is first on our list, in terms of our digital transformation,” he said. “It’s a massive opportunity for us to increase convenience for the customer and drive affinity and conversion across our portfolio of brands.”
[Chain Store Age] Authentic Brands Group (ABG), parent company of the fast-fashion retailer, is partnering with the Bolt checkout experience platform. ABG will begin implementing Bolt’s seamless checkout, payments, and fraud protection technology on the Forever 21 e-commerce site and app, with plans to expand it to other banners in its portfolio including Lucky Brand, Brooks Brothers, Aéropostale, Juicy Couture, and Nautica. In addition to single-click checkout, online customers at Forever 21 will also be able to save their information once and use it across all of ABG’s branded e-commerce platforms; as well as have a more accurate checkout experience with speeds up to twice as fast across all devices.
[Forbes] Bolt’s one-click checkout functionality will be made available to ABG’s global network, beginning with fashion retailer Forever 21. ABG acquired Forever 21 earlier this year with the goal of positioning the retailer for sustainable growth. As part of this effort, the company is focusing on building out the brand’s e-commerce abilities and experience to align with modern online shopping preferences. A pillar of these efforts includes enabling a single-click checkout experience that’s optimized for any device.
[Forbes] Authentic Brands Group, the most extensive portfolio brand group in the United States that generates more than $14B in annual retail sales, announced today they are standardizing on Bolt’s Checkout Experience Platform. Through the collaboration, Bolt’s modern checkout, payments and fraud technology will be made available to ABG’s global e-commerce network, including well-known retailers such as Aeropostale, Brooks Brothers, Forever 21, Juicy Couture, Lucky Jeans, Nautica and Volcom. Having started with Forever 21 in late October, Bolt provides a hyper-optimized, dynamic, single-click checkout that will transform the retailer’s online shopping experience for its millions of customers.”
These are the Deal Breakers, the companies we’d “quit our jobs for” and “leave our 4-year vesting schedules early for”. This is a resource intended to showcase the best startups (nominated by the best founders) to the most ambitious builders as they consider joining the startup world. To make this list, these startups must be: 1) 🚀 High-growth and/or high-momentum 2) ❤️ Highly praised, nominated & voted on by founders 3)🔬 Researched thoroughly by our team
“BigCommerce’s partner-first philosophy is not only what differentiates our platform from other industry leaders, it also makes our annual Partner Awards especially meaningful — both for the company and our global ecosystem of world-class partners,” said Russell Klein, chief commercial officer at BigCommerce. “On behalf of BigCommerce employees around the world, I’m proud to congratulate this year’s Partner Awards winners, and we thank them for their ongoing commitment to accelerating our merchants’ growth.”
[Chain Store Age] Seeking an online and mobile checkout solution that would save time for staff and provide customers with a safe, secure, and pleasant experience, TYLER’S wound up selecting and implementing the Bolt checkout experience platform… “Bolt really stuck out to us because it addresses checkout and fraud together, meaning we could address our fraud issue while also improving the experience shoppers have at checkout,” said Dermit. “One of the key features for us was how easy Bolt made it for customers to place orders by offering a smooth, fast, mobile-optimized experience that includes a single-click checkout for returning shoppers.”
A newly expanded partnership between BigCommerce and checkout platform Bolt is aiming to make easy purchasing processes more accessible. BigCommerce customers will now be able to leverage Bolt’s fraud and checkout products in a fully integrated workflow, accelerating time to market and letting smaller retailers compete on the e-commerce stage. Prior to this announcement, Bolt had been the preferred checkout partner of over 80 of BigCommerce’s enterprise customer stores; now as one of its Elite Technology Partners, Bolt will be made available to the full 60,000 merchants who currently utilize BigCommerce.
Bolt, the world’s first Checkout Experience Platform, today announced it has been named a BigCommerce Elite Technology Partner, providing more than 60,000 BigCommerce customers access to one holistic platform to easily manage and improve checkout, payments, and fraud protection. BigCommerce customers can integrate Bolt’s technology through the BigCommerce App Marketplace. Since 2018, Bolt has provided its checkout solution to over 80 enterprise BigCommerce customer stores, helping these businesses increase lifetime value through single-click return checkout, faster guest checkout, better approval rates, reduced fraud, and improved overall customer satisfaction scores.
Bolt, the world’s first Checkout Experience Platform, today announced that it has joined the Adobe Exchange program as a Premier partner. The Adobe Exchange Premier-level partnership recognizes best-in-class technology solutions that help drive innovation, and Bolt joins as one of 24 Premier technology partners. Bolt will provide Magento Commerce merchants with a hyper-optimized, dynamic checkout experience that scales as they grow, creating a durable and future-proof experience for shoppers during their buying experience.
[Built in SF] San Francisco-based fintech startup Bolt announced it raised $50 million in a Series C funding round on Thursday. Bolt manages the back-end of the checkout process for online retailers in order to provide a more seamless front-end experience for online shoppers. According to the company, over 70 percent of online shoppers abandon their orders prior to checking out. Bolt’s mission is to help solve that problem.
[Crunchbase] San Francisco-based Bolt unveiled what Breslow says is the world’s first checkout experience platform, powered by a $50 million Series C round of funding led by WestCap’s Laurence Tosi. Bolt, founded in 2014, gives retailers and consumers more choice, control and flexibility over their transactions by managing the back end of the checkout—presenting payment options, securely processing payments, and mitigating fraud—while providing a seamless front end experience.
[Forbes] With eCommerce taking off amid the COVID-19 pandemic, Bolt the checkout technology platform company is raising $50 million in a new round of venture funding. The Series C financing was led by Laurence Tosi at WestCap and included participation from existing investors Activant Capital, Tribe Capital, Glynn Capital, and Human Capital.
[CBInsights] CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. Bolt was selected by CB Insights’ Intelligence Unit from a pool of 16,000 companies, including applicants and nominees.
[Press Release] Bolt, the world’s first Checkout Experience Platform, today announced that it has joined the Adobe Exchange program as a Premier partner. The Adobe Exchange Premier-level partnership recognizes best-in-class technology solutions that help drive innovation, and Bolt joins as one of 24 Premier technology partners.