BDC Capital and returning investors Northleaf Capital Partners, Whitecap Venture Partners, MIG Group, BMO Capital Partners and Ikea affiliate Ingka Investments also participated in the round, which GoBolt CFO Chris Lynch said was all primary capital and equity. (The Logic)
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BDC Capital and returning investors Northleaf Capital Partners, Whitecap Venture Partners, MIG Group, BMO Capital Partners and Ikea affiliate Ingka Investments also participated in the round, which GoBolt CFO Chris Lynch said was all primary capital and equity. (The Logic)
Talking point: GoBolt handles doorstep delivery and warehousing for retailers like Ikea and Frank and Oak. It’s among a fleet of startups trying to solve the demand for last-mile logistics created by all the online shopping consumers have been doing in recent years. Such firms had raised US$8.36 billion in 99 deals through the third quarter, per PitchBook data. GoBolt previously raised a $115-million Series B in November 2021 from a similar investor group that included Yaletown. The 1,000-person firm now operates in five markets each in Canada and the U.S.; it isn’t currently planning to enter new ones next year, Lynch said. GoBolt plans to use some of the new capital to continue to green its deliveries—Lynch noted about half of its 200-plus current vehicles are electric, with plans for 100 more EVs.
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