GoKawiilBolt seeks up to $27M pay-to-play bridge round as Breslow fights to save it
Bolt CEO Ryan Breslow is raising as much as $27 million from existing investors in a convertible-note bridge round that carries a pay-to-play clause penalizing backers who don't participate. The financing is meant to bridge the checkout company toward a future Series E2 round, after its valuation collapsed from $11 billion in 2022 to roughly $300 million. Breslow says Bolt is nearing profitability but declined to disclose how much cash remains.