Siena Secondary Fund continues to back Estonian mobility unicorn Bolt

18 October 2023

Siena Secondary Fund, an investment fund founded in early 2021, which focuses on secondary market transactions in high-growth late-stage startups by providing liquidity to early investors, (ex-)employees and founders, made a follow-on investment in Estonian mobility unicorn Bolt.

Bolt, a frontrunner in the transportation and ride-hailing industry, has garnered widespread recognition for its commitment to providing reliable, affordable, and sustainable mobility services. With operations spanning across numerous European and African countries, Bolt has rapidly gained traction and is poised to transform the future of urban transportation.

In early 2022, Bolt raised a series F round of 600 EUR million from tier 1 investors like Sequoia, Fidelity and D1 Capital in order to continue to support its growth.

"We are excited to back again such an exceptional growth company like Bolt dedicated to making a meaningful impact on the world and reshaping the way people move within cities," said Rando Rannus, General Partner of Siena Secondary Fund. "This is our third investment in Bolt which shows our conviction to Bolt`s mission and growth story ahead. As our main fund already has a substantial position in Bolt, we created an SPV side vehicle for our LPs to double down on Bolt. We are committed to provide such opportunities to our investors also in the future."

Siena Secondary Fund has raised funds from over 80 investors from successful old and new economy entrepreneurs across Europe and has acquired stakes in several well-known scale-ups such as Bolt, Testlio, Starship Technologies, Veriff, Kry, TransferGo, Printify, Booksy and Oura.

Additional information:
Siena Secondary Fund -
Bolt -

Rando Rannus
General Partner
Mob +37256619970

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