# Bolstr

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bolstr

- Industry: Internet
- Headquarters: Chicago, US
- Website: www.bolstr.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Apr 1, 2016)
- Investors on record: 6

## About

Bolstr is a financial services company that specializes in providing customized lending solutions to small and medium-sized enterprises, focusing on facilitating growth through accessible capital.Founded in 2011, Bolstr is based in Chicago, US, and operates as a financial services provider focused on offering tailored lending solutions. The company has successfully completed a total of 5 deals, with its most recent funding round, a VENTURE DEBT round, raising USD 0.37 mn on April 1, 2016. Bolstr has raised a total of USD 1.65 mn to date.Bolstr primarily offers a comprehensive suite of lending solutions aimed at helping businesses manage their financial needs and achieve growth objectives. The company's core product offerings include lines of credit, term loans, commercial mortgages, and equipment financing. These financial products provide businesses with the necessary capital to purchase equipment, refinance debt, acquire property, or manage seasonal cash flow. Bolstr’s business wellness advisors work closely with clients to tailor these lending solutions based on individual business requirements, targeting small to medium-sized enterprises across various sectors including retail, healthcare, and real estate, primarily within the U.S. markets.Bolstr generates revenue through interest income and fees associated with its lending products. The company’s lending transactions involve structured agreements where businesses apply for various financing options, such as lines of credit or term loans. Additionally, Bolstr may offer commercial mortgages for purchasing or refinancing properties. Revenue from these transactions is influenced by the volume of loans issued and the financial performance of the borrower, contributing to the company's overall financial health.Bolstr's strategy for future growth includes plans for expanding its product offerings and entering new markets. The company is currently working on new lending products designed to cater to the evolving needs of its clients. Recent funding from its VENTURE DEBT round will be utilized to support these initiatives, with a specific focus on enhancing product features and expanding into new geographic regions by late 2023. The company aims to solidify its presence in under-served markets by offering customized financial solutions.

## Funding rounds

- Seed, Apr 1, 2016 — Montage Ventures, Fusion Fund
- Seed, Feb 1, 2015, $1.6M — Kapor Capital, Wilson Sonsini Goodrich & Rosati, Merrick Ventures, Montage Ventures, DRW Trading Group

## Investors

- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Seed
- Wilson Sonsini Goodrich & Rosati — Seed
- Merrick Ventures (https://capitalatlas.ai/funds/merrick-ventures) — Seed
- Montage Ventures (https://capitalatlas.ai/funds/montage-ventures) — Seed
- DRW Trading Group — Seed
- Fusion Fund (https://capitalatlas.ai/funds/fusion-fund) — Seed