Quote from Ndubuisi Ekekwe on July 9, 2019, 1:54 PM

Bolt raises new fund and joins the unicorn club. Watch out for expansion within Nigeria and beyond.

Uber and Lyft going public may have put closer public scrutiny on the economics of ridesharing, but it hasn’t had a chilling effect on the level of competition in the space. In the latest development, TechCrunch has learned and confirmed that Bolt, the Estonian ridesharing, scooter and food delivery company that operates across Europe — most recently opening for business in London — and a number of emerging markets, has completed the first tranche of its latest round of funding. The equity injection bumps up the valuation of the company to over $1 billion, money that Bolt plans to use to fuel its international growth.