Bolt, the ride hailing platform backed by Daimler and Didi Chuxing formerly known as Taxify, has raised a series C round valuing it at more than $1bn.

Bolt, an Estonia-based ride hailing platform formerly known as Taxify and backed by carmaker Daimler and ride sharing service Didi Chuxing, has closed the first tranche of a series C round, TechCrunch reported yesterday.

Venture capital fund Nordic Ninjas, Naya Capital, Creandum and G Squared are thought to have backed the round, which valued Bolt at more than $1bn. A Bolt spokesperson confirmed the company had raised a new round, but did not offer further details.

Bolt operates a ride…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.