Sorainen advised the leading European transportation platform Bolt in its Series C funding round of more than EUR 75 million. The equity round was led by financial investors Korelya Capital and Nordic Ninja, and included investments by both new and existing investors.
Bolt is the unicorn headquartered in Estonia, which has grown into the leading European transportation platform that focuses on making urban travel easier, quicker and more reliable. Bolt launched in 2013 and is currently one of the fastest-growing transportation platforms in Europe and Africa with investors including Daimler, Didi Chuxing and Korelya Capital. The company has more than 25 million users in over 30 countries globally.
“We are extremely impressed by Bolt’s achievement in positioning the company as a leading ride-hailing platform and we will support the company to build the future of transportation in the world,” says Tomosaku Sohara, the Managing Partner of NordicNinja VC.
Sorainen team lead by partner Toomas Prangli assisted Bolt in all stages of the financing round, including drafting and negotiating transaction documents with the investors and changed to the corporate documentation.