Bolt Logistics Secures $115M in Series B Financing to Power the Digital Transformation of Logistics

Financing demonstrates Bolt’s unmatched market value and proven success in logistics

TORONTO–(BUSINESS WIRE)–Bolt Logistics (“Bolt”), a leading Canadian technology-enabled logistics and last-mile delivery provider, is proud to announce it has raised CAD $115 million in financing, bringing the total funds raised by the company to date to more than $150 million. The investment was led by new investors Yaletown Partners, with participation from Ingka Investments (the investment arm of Ingka Group, the main IKEA retailer), Northleaf Capital Partners, Bank of Montreal, and Kensington Capital, and existing investors including Whitecap Venture Partners, Intact Ventures, MIG and Michael Hyatt.

Bolt has established itself as an industry leader through its simplified, customer-centric, and sustainable approach to fulfillment services. Their ability to manage everything from small items to heavy-and-hard-to-handle fulfillment and delivery makes them the first choice for businesses needing an all-encompassing logistics partner.

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Dana Kelley

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Isabel Arnold

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Sarah Jefferson
Sarah Jefferson