Overview of Transaction

• On January 14, 2022, Bolt announced it has raised $355 million in Series E funding led by funds and accounts managed by BlackRock
• New investors Schonfeld, Invus Opportunities, H.I.G. Growth, and CE Innovation Capital, in addition to return investors Activant Capital and Moore Strategic Ventures, also participated
• Bolt strengthens retailers' relationships with their customers by unlocking secure, logged-in, lightning-fast checkouts
• The Company's rapidly-growing network of one-click-checkout-ready shoppers visits Bolt merchants as if they are return customers.
• In 2021, Bolt signed several key partnerships including BigCommerce and Adobe Magento; on the international front, the company got a head start in November after securing agreements with both Benefit Cosmetics and PrestaShop
• Bolt also made its first-ever acquisition of Tipser, a Swedish-based technology company enabling direct checkout on any digital surface.

Significance of Transaction

• Including the Series E, Bolt has raised nearly $1 billion to date and the Company’s valuation is nearly double what it was at the Series D
• The oversubscribed financing validates the massive potential of a network that has grown to more ten million shoppers, with an additional 50 million shoppers queued up to be added based on existing commitments and partnerships
• This capital will enable Bolt to accelerate the pace of its product innovation and continue recruiting top talent

FT Partners' Role

• FT Partners served as exclusive financial and strategic advisor to Bolt
• FT Partners previously advised Bolt on its ~$393 million financing in October 2021
• This transaction underscores FT Partners' deep payments and e-commerce domain expertise and successful track record of driving optimal outcomes for high growth FinTech companies globally