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Bolt

Estonian super-app for urban mobility — ride-hailing, e-scooters, e-bikes, car-sharing, and food delivery operating in 500+ cities across 45 countries.

ConsumerEstonia·Founded 2013·RSU equity·bolt.eu
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Source-audited Jun 12, 2026
Reference estimate only
4 methods · Source-audited Jun 12, 2026Low confidence (34%)

The four valuation methods disagree significantly (6.2× spread). Treat this as a wide reference range only — not a reliable point estimate.

$8.4B
wide range · ~$4B – ~$11B
Implied per-share: $26.6 · vs last primary -11%

No verified public secondary-market signal available for Bolt. The estimate relies on last confirmed financing, peer multiples, sector momentum, and time decay.

Valuation basis:Last primary roundSource-audited Jun 12, 2026
Last primary round
$8.4B
Series F · 54mo ago
Secondary signal
No verified secondary signal

No verified public secondary signal is available. Hiive/Forge links are monitoring links only, not evidence of a current executable price.

Headcount
4,500
employees · LinkedIn+13%

LinkedIn count — directional proxy only. Historical figure sourced via Wayback Machine; treat ±15% as normal variance.

Revenue (est.)
$1.1B
annual run rate · est.

Last equity primary: Series F at $8.4B (Jan 2022). Dec 2025 secondary at $6.8B reflects a market discount from the 2022 peak.

Complete company data

Every input we use, where we got it from, and how much we trust it.

Source verification: TechCrunch Jan 2022 · $8.4B Series F · manual-source-audit-2026-06

FieldValueConfidence
Company fundamentals
SectorConsumerhigh
HeadquartersEstoniahigh
Founded2013high
Websitebolt.euhigh
Last primary round
Post-money valuation$8.4Bhigh
Round nameSeries Fhigh
Date2022-01-10 (54 months ago)high
Lead investorSequoia Capital / D1 Capitalhigh
Amount raised$711Mmedium
Capitalization
Total fully-diluted shares280Mlow
Implied share price (illustrative only)~$27low
Primary equity type grantedRSUhigh
Financials
Annual revenue (est.)$1,100Mmedium
EV / Revenue (implied)7.6xmedium
Headcount
Employees (now)4,500medium
Employees (12 months ago)4,000medium
12-month headcount growth+13%medium
Methodology inputs
Sector ETF proxySOCLmedium
ETF annual return (trailing 3-yr)8%medium

Funding history

Primary rounds reported in Bloomberg, WSJ, TechCrunch, Reuters, or SEC Form D filings (efts.sec.gov). Linked per round below.

Valuation progression (equity rounds)
Valuation progression · equity rounds
$8.4Blatest · Series F
Total growth
84×
Our estimate
$7.5B
$0.0B$2.5B$5.0B$7.4B$9.9BSeries BSeries CSeries D$4.8BSeries ElatestSeries Fest.Est.
Primary round
Down round
Our estimate
Series F+77%2022-01-10
$8.4B
Led by Sequoia Capital / D1 Capital · raised $711M
Series E+150%2021-05-14
$4.8B
Led by Sequoia Capital Europe · raised $600M
Source: TechCrunch May 2021(historical ref.)
Series D+280%2020-11-01
$1.9B
Led by Naya Capital · raised $150M
Source: TechCrunch Nov 2020(historical ref.)
Series C+400%2019-06-01
$0.5B
Led by Didi Chuxing · raised $67M
Source: TechCrunch Jun 2019(historical ref.)
Series B2017-03-01
$0.1B
Led by Daimler · raised $14M
Source: Crunchbase(historical ref.)

Secondary market signals

Secondary market signals: bid/ask/trade indications from Hiive (hiive.com), Forge Global, Caplight Index, and tender prices reported in the press.

Implied valuation over time
Implied valuation · secondary market
$6.8B
Trade
$6.0B$6.5B$7.1B$7.6B2025-12

Forge and Hiive publish aggregated market data publicly, but full order books, individual bids/asks, and confirmed trade prices require a paid account. The figures below are sourced from their public summaries, press-reported tender prices, and SEC disclosures. They represent the best publicly available signal — not a guaranteed executable price.

DateTypeSourcePrice / share
2025-12-01tradePublic Report$24

View live indications: Hiive ↗ · SEC Form D filings ↗

Public peer comparables

Public peer comparables: editorial selection of public companies with the closest business model. EV/Revenue and growth from public 10-Q filings and Bloomberg, refreshed quarterly.

TickerCompanyEV / Revenue
PINSPinterest, Inc.2.91x
RBLXRoblox Corporation7.63x
SNAPSnap Inc.1.28x
SPOTSpotify Technology S.A.5.7x

Confidence breakdown

How much we trust each of the four valuation methods for this specific company, and why.

Method A — Peer-multiple
weight 25%→ $4.4B75% confidence
Growth-weighted peer EV/Revenue: 5.3x → 25% private-company discount → 4.0x on $1100M revenue
Method B — Secondary-implied
weight 45%suppressed25% confidence
↳ Effectively excluded from the blend — this method is structurally unreliable for this company.
No verified secondary market data available — estimate relies on primary round, peer multiples, and sector momentum.
Method C — Primary time-decay
weight 20%suppressed20% confidence
↳ Effectively excluded from the blend — this method is structurally unreliable for this company.
$8.4B round (2022-01-10) × 3.86× growth × 0.85× multiple decay over 4.5 years
Method D — Sector momentum
weight 10%suppressed10% confidence
↳ Effectively excluded from the blend — this method is structurally unreliable for this company.
$8.4B × (1 + 8% p.j.)^4.5yr = $11.8B via SOCL ETF-proxy
Overall confidence
34%
Weighted average of the four methods. Above 60% is high, 35–60% medium, below 35% low.
Low

Worked example for an employee

Illustrative mechanics only — this shows how the equity model works, not a reliable value estimate.

Illustrative mechanics only

This example shows equity mechanics only. It is not a reliable estimate of current value because model support is weak (confidence 34%, spread 6.2×).

Show illustrative values (not a reliable estimate) ▸
Profile: a hypothetical employee who joined Bolt 24 months ago (2024-07-10) with 2,000 units, on the standard 4-year vesting schedule with a 1-year cliff.
Vesting
1,000 of 2,000
50% vested at month 24
Implied share price (mid)
$27
weighted average of 4 methods — low confidence
Gross vested value
$26,623
vested shares × implied price
Net value
$26,623
no strike, gross = net
Tax (rough)
$2,963
US federal only · AMT risk: low
What if the next round is…
Up round +30%
$30,095
New round at +30% valuation, 15% new shares issued
Down round −30%
$15,530
New round at −30% valuation, 20% new shares (higher dilution in distress)
Secondary today
$22,629
Sale on the secondary market at the typical 15% discount to the mid estimate
These illustrative values use the same calculation engine as the live calculator, but the underlying model is low-confidence for Bolt. Use your own numbers as a starting point only. Try the calculator →

Transparent assumptions

What we assumed where exact data isn't available. If any of these don't match your situation, the numbers above will be off.

Fully-diluted share count
280M shares
We don't have authoritative cap-table access for private companies. The number above is reconstructed from SEC Form D filings, secondary-market price-vs-valuation math, and leaked share-class summaries. Actual fully-diluted count (including unvested option pool and SAFEs) may differ by 5–15%.
Common-stock waterfall
1.0× to common
We assume a clean common-stock outcome — i.e. preferred-share liquidation preferences and ratchets do not extract value before common. In a down-exit, this assumption can be very wrong: preferred stack can take 30–70% of proceeds.
Private-company illiquidity discount
25% off public peers
Applied to Method A (peer-multiple). Per-company because category leaders with deep secondary markets and a clear IPO path warrant a smaller discount than early-stage names. The literature range is 10–35%; for Bolt we use 25% based on secondary-market depth, valuation history, and proximity to liquidity.
Revenue growth assumption (Method C)
35% YoY
Compounded forward from the last primary date to today to estimate the company's value drift. Set per-company based on disclosed or reported ARR trajectory. Method C is further capped at 1.3× the most recent secondary trade (if any) to stop runaway extrapolation when revenue growth outpaces what the market is actually paying.
Sector ETF momentum (Method D)
SOCL @ 8%/year
Method D applies the trailing return of SOCL as a market-proxy adjustment to the primary valuation. Crude — meant as a tiebreaker when peer and secondary data conflict, not as a primary signal.
Outlier auto-downweight
Methods >50% from median get ½ weight
Robust-statistics safety net: any method whose output strays more than 50% from the median of the other three methods has its confidence weight halved when computing the blended mid-point. Prevents a single bad extrapolation from dragging the headline.
Recency decay for secondary trades
180-day half-life (e⁻ᵈ/¹⁸⁰)
A trade from 30 days ago counts ~5× more than one from 180 days ago. Tunable; some platforms use shorter half-lives.
Tax estimate
US federal only, single filer
Uses 2024 US federal brackets, ignoring state tax, NIIT, AMT credit recovery, and any other deductions. Treat as a directional sanity check, not a tax bill.
All data from public sources. Not investment, tax, or legal advice. Not affiliated with Bolt. Last refreshed manually — see methodology for our update cadence.