Bolt announced €628M in a round of funding led by Sequoia and Fidelity Management.

Bolt, a Talinn, Estonia-based digital provider of transportation services, announced a new funding round closed at €628M ($712M).

The money was raised from multiple investors co-led by Sequoia Capital and Fidelity Management, in a deal said to put Bolt's valuation to €7.4B ($8.4B). Whale Rock, Owl Rock, D1, G Squared, Tekne, Ghisallo and a part of the existing shareholders also contributed to the round.

Bolt, founded in 2013 by Markus Villig, Martin Villig (CEO) and Oliver Leisalu, started as a provider of on-demand transportation services in a few capitals from Europe. The company started as a provider of on-demand scooters services and entered adjacent markets such as food delivery from restuarants and out of their own dark stores. It says it is used by more than 100 million customers in 45 countries and over 400 cities across Europe and Africa.

Bolt previously raised €600 million in a Series E round in the summer fo 2021 and a total of $1.2 billion.