Ikea’s parent company swooped in to help the fulfilment services provider push its total funding past the $120m mark.

Canada-based logistics services provider Bolt Logistics secured C$115m ($92.5m) on Monday in a series B round featuring Ingka Investments, the investment arm of home retailer Ikea’s parent company, Ingka Holding.

Investment firm Yaletown Partners led the round, which included Intact Ventures, the venture capital arm of insurance firm Intact Financial, as well as financial services firm Bank of Montreal, Northleaf Capital Partners, Kensington Capital, Whitecap Venture Partners, MIG and private investor Michael Hyatt.

Founded in 2017 as a self-storage service…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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