Briefing

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

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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