GoBolt secures C$75m in financing led by Yaletown Partners, EDC

GoBolt is a Toronto-based technology company focused on building a sustainable, vertically integrated supply-chain network.

  • Other investors include BDC Capital, Northleaf Capital Partners, Whitecap Venture Partners, MIG Group, BMO Capital Partners and Ingka Investments, the investment arm of Ikea’s Ingka Group
  • The round brings the company’s total funds raised so far to more than C$222.5 million
  • The new round’s proceeds will support GoBolt’s continued growth in Canadian and US markets, as well as its investments in sustainability

GoBolt, a Toronto-based technology company focused on building a sustainable, vertically integrated supply-chain network, has raised C$75 million in financing.

The round brings the company’s total funds raised so far to more than C$222.5 million.

Yaletown Partners and Export Development Canada led the round. Other investors include BDC Capital, Northleaf Capital Partners, Whitecap Venture Partners, MIG Group, BMO Capital Partners and Ingka Investments, the investment arm of Ikea’s Ingka Group.

Founded in 2017, GoBolt is building a supply-chain network that partners with merchants to deliver a complete end-to-end customer experience. By operating as an extension of each merchant’s team, the company provides reliable warehousing, pick and pack, shipping, and last-mile delivery.

The new round’s proceeds will support GoBolt’s continued growth in Canadian markets, which include Toronto, Montreal, Ottawa, Calgary, and Vancouver, and US markets, which include Los Angeles, Houston, Miami, Atlanta and New York/New Jersey. They will also be used to further GoBolt’s investments in sustainability, including increasing the company’s electric fleet and charging infrastructure, and enhancements to robotics and warehouse automation.

“The ability to provide carbon negative, high-capacity solutions, seamlessly integrated with merchant operations is resonating with North American brands,” said Eric Bukovinsky, a partner at Yaletown Partners in a statement. “The quality of its product, the scale of its network capacity, and the industry know-how to provide these solutions positions GoBolt in a unique class within the logistics space.”

Formerly known as Bolt Logistics, GoBolt last year closed a C$115 million round, also led by Yaletown.