social event, networking

Friday Fundings: Bolt, Hopin, and Human Interest

European Ride-Hailing Startup Raises $713 Million

Bolt, a European ride-hailing startup, raised $713 million in venture funding, giving it a $4.75 billion valuation. It was valued at roughly $2 billion in March. Sequoia, Tekne, and Ghisallo led the round, which also included participation from existing investors G Squared (GSQD), D1 Capital, and Naya.

Bolt wants to use the proceeds to expand into the online grocery-delivery market. It already delivers food for restaurants and is making a big push into delivery for grocery stores, promising to get food to customers in 15 minutes. Bolt is aiming to enter 10 European countries this year. But to become a leader in the super-competitive European market, Bolt expects to need even more capital over the coming years.

Virtual Events Startup Raises $450 Million

Hopin, a virtual events startup, raised $450 million in venture funding led by Arena Holding and Altimeter Capital. The latest funding round gives the startup a valuation of $7.75 billion, making it one of the most valuable tech startups in Europe. Hopin was valued at $5.65 billion in March.

Hopin’s platform enables companies to host online events with as many as 100,000 people. It has more than 100,000 customers and 17 million registered users. Proceeds will be used in part to prepare the company for a hybrid world in which events are held online and offline simultaneously. The startup is also eyeing an IPO in two to four years.

Digital Retirement Platform for Small Businesses Raises $200 Million

Human Interest, a startup which operates a digital retirement platform, raised $200 million in venture funding, propelling it to unicorn status. The funding round, which gives Human Interest a $1 billion valuation, was led by TPG’s The Rise Fund and SoftBank’s Vision Fund 2. (SoftBank is also an investor in SoFi.) The financing also included new and existing investors. So far this year Human Interest has raised $305 million.

The startup’s platform enables small businesses to launch a retirement plan in minutes. Demand for its services is surging with Human Interest tripling sales in 2020. The funding will be used to expand its integrations and partnerships with financial advisers, brokers, and payroll firms.

Things are changing daily within the financial world. Sign up for the SoFi Daily Newsletter to get the latest news updates in your inbox every weekday.

Sign up

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Adviser
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

All your finances.
All in one app.

SoFi QR code, Download now, scan this with your phone’s camera

All your finances.
All in one app.

App Store rating

SoFi iOS App, Download on the App Store SoFi Android App, Get it on Google Play

ABOUT Meg Richardson Meg Richardson is a writer specializing in markets, technology, and personal finance. She loves breaking down seemingly complex ideas and making them readable and interesting for everyone. She holds an MFA in writing from Columbia University. When she is not writing about finance, she enjoys running in Central Park and drawing cartoons.

TLS 1.2 Encrypted
Equal Housing Lender