# GoBolt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gobolt-2

- Industry: Consumer Services
- Headquarters: Toronto, Canada
- Website: www.gobolt.com/
- Total disclosed funding: $128M
- Latest round: Series C (Dec 7, 2022)
- Investors on record: 12

## About

GoBolt, based in Ontario, Canada, is a sustainable third-party logistics provider that specializes in optimizing supply chains for direct-to-consumer brands, offering services like fulfillment, warehousing, and last-mile delivery.Founded in 2017 in Toronto, Canada, GoBolt is a logistics company focusing on optimizing supply chains for direct-to-consumer brands. The company has successfully raised funds across 7 deals, with the latest being a Series C round of CAD 75 million on December 7, 2022, led by Export Development Canada and Yaletown Partners. The company was co-founded by David Ang, Heindrik B, Mark Ang, and Youbin Lee, with Mark Ang currently serving as CEO.GoBolt provides a sustainable suite of third-party logistics services tailored for direct-to-consumer brands processing a minimum of 3,000 orders monthly. Their offerings encompass warehousing, fulfillment, last-mile delivery, and returns processing, designed to enhance efficiency and sustainability. With warehouses strategically located across North America, GoBolt addresses common logistics challenges for diverse clients in sectors like retail, e-commerce, and more.The company generates revenue through logistics services based on a partnership model that includes pricing tied to volume and service type. Clients benefit from predictable costs and streamlined invoicing, with services such as last-mile delivery charged per order, facilitating scalability for growing businesses.Following the Series C funding of CAD 75 million raised in December 2022, GoBolt aims to enhance its market presence and invest in automating robotics within its warehouses. The funding will support these initiatives as the company looks to expand into new regions, although specific market targets have not yet been disclosed.

## Funding rounds

- Series C, Dec 7, 2022, $55M — Northleaf Capital Partners, Whitecap Venture Partners, BDC Capital, Yaletown Partners, Export Development Canada, BMO Capital Partners, MIG Group, Ingka Investments
- Series B, Nov 8, 2021, $60M — Northleaf Capital Partners, Whitecap Venture Partners, Kensington Capital Partners, Yaletown Partners, BMO Capital Partners, Intact Ventures, MIG Group, Ingka Investments
- Series A, Dec 13, 2019, $13M — Whitecap Venture Partners, MIG Group, Dream Maker Ventures, Cowie Capital Partners

## Investors

- Whitecap Venture Partners (https://capitalatlas.ai/funds/whitecap-venture-partners) — Series A, Series B, Series C
- MIG Group — Series A, Series B, Series C
- Dream Maker Ventures (https://capitalatlas.ai/funds/dream-maker-ventures) — Series A
- Cowie Capital Partners — Series A
- Northleaf Capital Partners (https://capitalatlas.ai/funds/northleaf-capital-partners) — Series B, Series C
- Kensington Capital Partners — Series B
- Yaletown Partners (https://capitalatlas.ai/funds/yaletown-partners) — Series B, Series C
- BMO Capital Partners (https://capitalatlas.ai/funds/bmo-capital-partners) — Series B, Series C
- Intact Ventures (https://capitalatlas.ai/funds/intact-ventures) — Series B
- Ingka Investments — Series B, Series C
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series C
- Export Development Canada — Series C