Briefing

The Briefing: Bolt Raises $713M, LatAm’s Movile Gets Big Investment From Prosus, 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.

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Bolt raises $713M

Estonia-based ride-hailing and delivery provider Bolt raised 600 million euros ($713 million) in a Series E funding round led by Sequoia Capital.

The new financing reportedly sets a valuation of $4.75 billion for the 8-year-old company, more than double its last private valuation of around $2 billion. Bolt started out as a taxi-hailing app in Estonia, and has since expanded into other areas including food delivery, car sharing, and electric scooter and bike rentals.

Prosus invests $200M in LatAm’s Movile

Latin American startup investor and growth accelerator Movile itself received a boost this week with a BRL $1 billion — about $200 million USD — investment from Prosus. São Paulo-based Movile said the deal marks its biggest single funding infusion since its founding in 1998.

Movile will use the fresh capital to invest in new startups and to help expand its current portfolio companies, including food delivery platform iFood, Brazilian fintech startups MovilePay and Zoop, and Mensajeros Urbanos, a Colombia-based logistics company.

Global startup investors have been pouring billions of dollars into Latin America’s startup ecosystem, producing at least 23 unicorns to date, per Crunchbase data, with fintech startups drawing  the lion’s share of investment.

Money management app Snoop lands $21M

U.K.-based money management app Snoop raised £15 million ($21 million) in a funding round backed by Paulson & Co. The app tracks finances and offers users recommendations for cutting bills and subscription expenses.

—  Joanna Glasner

Illustration: Dom Guzman

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