附近上门

, which is developing a , brought in $75 million in additional funds for its Series C to give it a total round of $135 million.

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San Francisco-based Bolt, founded in 2014, gives retailers and consumers more choice, control and flexibility over their transactions by managing the back-end of the checkout鈥攑resenting payment options, securely processing payments, and mitigating fraud鈥攚hile providing a seamless front-end experience.

The latest funding is co-led by , which also led Bolt鈥檚 $50 million round in July, and . They were joined by existing investors and, as well as a group of angel investors. To date, Bolt has raised a total of $215 million, according to 附近上门 data.

鈥淲e are investing a ton into the platform and in product engineering as we see so much reception of our product with enterprise clients,鈥� , founder and CEO of Bolt said in an interview. 鈥淥ur focus back in July was working in a transitional market, but now we are building enterprise retailers into our one-click network and expanding rapidly.鈥�

In July, when the company raised the initial Series C, Bolt One Click was just getting off the ground, and now it is in full swing, Breslow said. Bolt processed more than $1 billion in retail transactions this year and saw a 10 times increase to its shopper network.

Last month, Bolt a strategic partnership with brand management company to provide its checkout experience to its group of retailers, including , Lucky Brand and Brooks Brothers.

鈥淭his is what I have been dreaming about for the last five years of building the business,鈥� Breslow added. 鈥淚t is positioning us to do one-click in a way no one else is doing. This new partnership touches 50 million shoppers, a large percentage of whom will soon be on One Click.鈥�

As shopping shifted to almost all online during the global pandemic, brands began to focus on the customer experience. Investors took notice, too, of startups developing the tools to do this. In addition to Bolt, companies such as , which is also developing a one-click buying experience, raised funding led by in March. Meanwhile, investors sunk $3.3 billion of venture capital into e-commerce technology startups this year, according to 附近上门 data.

, co-president, managing director and global head of technology investing at General Atlantic, said Bolt is 鈥渃reating a holistic checkout platform and bringing it to market.鈥�

鈥淲e know that this is something that retailers need, and we see checkout as an increasingly critical category in commerce,鈥� he said. 鈥淥n top of this, Bolt鈥檚 one-click shopper network is growing significantly and shows real potential to level the playing field for independent brands. We鈥檙e thrilled to partner with Ryan and the Bolt team to prepare for rapid scale.鈥�

Photos of Ryan Breslow and app courtesy of Bolt
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Editor’s note: The original Series C $60 million round was updated to reflect additional funds brought in.