Bolt Threads Raises $123M in Series E

Bolt Threads has successfully raised $123M in a Series E at a $700M valuation led by Formation 8, Founders Fund, Baillie Gifford, Foundation Capital.

Company Overview

Bolt Threads is a Materials company headquartered in 5858 Horton Street, Emeryville, CA 94608, founded in 2009 with 200+ employees.

Biomaterial fibers from microbes

Fundraising Details

Amount Raised: $123M
Round Type: Series E
Valuation: $700M
Date: 2024-11-03
Investors: Formation 8, Founders Fund, Baillie Gifford, Foundation Capital

About Bolt Threads

Biomaterial fibers from microbes The company is positioned in the Materials sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 5858 Horton Street, Emeryville, CA 94608
Founded: 2009
Team Size: 200+
Industry: Materials

What This Means

This funding round demonstrates strong investor confidence in Bolt Threads's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Materials sector continues to attract significant investment as companies innovate to meet evolving market demands. Bolt Threads's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $700M valuation marks an important milestone for Bolt Threads, positioning the company among notable players in the Materials industry.

Looking Ahead

With this new capital, Bolt Threads is well-positioned to execute on its growth strategy and continue building innovative solutions in the Materials space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-11-03. For more information about Bolt Threads, visit their headquarters at 5858 Horton Street, Emeryville, CA 94608.