The Briefing: Bolt Bags $355M For Checkout Tech, Meta Faces $3.2B Suit, And More

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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Bolt bags $355M for checkout tech

Bolt, a provider of a one-click checkout for independent online retailers, announced it raised $355 million for the initial part of its Series E funding.

BlackRock led the financing, which sets a valuation that is 30x greater than it was around 30 months ago, according to Bolt. In the past three months its valuation has nearly doubled, , the company said, but did not specify the current valuation. The new raise brings Bolt’s total funding to nearly $1 billion.

San Francisco-headquartered Bolt said it currently has nearly 600 employees working remotely across more than 200 cities, with plans to use the newest financing to further expand hiring, among other goals.

— Joanna Glasner

Meta faces $3.2B lawsuit

Britain’s Financial Conduct Authority, a watchdog organization, has filed a lawsuit alleging that Meta, formerly Facebook, abused its market dominance by exploiting the personal data of 44 million users. The class-action suit seeks up to $3.2 billion from Meta.

— Joanna Glasner

Funding rounds

Sastrify lands $15M: Cologne-based Sastrify, provider of a platform for companies to discover, curate and procure their SaaS technology, announced it raised $15 million in a Series A funding round led by FirstMark Capital.

— Joanna Glasner

Illustration: Dom Guzman

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