Tessera Welcomes Bolt

What we love about Bolt is that they are a smart company operating in a tightly defined niche where incumbents are nascent but the opportunity to become a leader is vast.

Tessera Venture Partners completes its second investment from its Fund II with an investment in Bolt. The San Francisco based ecommerce company raised $50 m in Series C funding bringing the company’s total funding to nearly $140 m. Bolt provides a simplified checkout tool, along with a full stack of features and integrations to improve the checkout process and boost online sales for merchants. They provide over 100 integrations from promotions to payment processors including Magento, Salesforce Commerce Cloud, PayPal, Apple Pay, Stripe, and Braintree.

Ecommerce is a white hot space with new consumer demand fueled by the global pandemic. Ecommerce is forecasted to grow at 30–50% year-over-year and if or when it cools the potential for consolidation of the back-end infrastructure that powers the entire system is something to take note of. What we love about Bolt is that they are a smart company operating in a tightly defined niche where incumbents are nascent but the opportunity to become a leader is vast. Bolt offers a compelling solution with an Amazon-like “1-click” checkout experience for growing…