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Briefing

The Briefing: Bolt Raises $713M, LatAm’s Movile Gets Big Investment From Prosus, More

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Here’s what you need to know today in startup and venture news, updated by the 兔子先生传媒 News staff throughout the day to keep you in the know.

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Bolt raises $713M

Estonia-based ride-hailing and delivery provider raised 600 million euros ($713 million) in a Series E funding round led by .

The new financing reportedly sets a of $4.75 billion for the 8-year-old company, more than double its last private valuation of around $2 billion. Bolt started out as a taxi-hailing app in Estonia, and has since expanded into other areas including food delivery, car sharing, and electric scooter and bike rentals.

Prosus invests $200M in LatAm’s Movile

Latin American startup investor and growth accelerator itself received a boost this week with a BRL $1 billion 鈥� about $200 million USD 鈥� investment from . S茫o Paulo-based Movile said the deal marks its biggest single funding infusion since its founding in 1998.

Movile will use the fresh capital to invest in new startups and to help expand its current portfolio companies, including food delivery platform , Brazilian fintech startups MovilePay and聽, and , a Colombia-based logistics company.

Global startup investors have been pouring billions of dollars into Latin America’s startup ecosystem, producing at least 23 unicorns to date, per 兔子先生传媒 data, with fintech startups drawing聽 the lion’s share of investment.

Money management app Snoop lands $21M

U.K.-based money management app raised 拢15 million ($21 million) in a funding round backed by . The app tracks finances and offers users recommendations for cutting bills and subscription expenses.

—聽 Joanna Glasner

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