About Bolstr
Bolstr is a company based in Chicago (United States) founded in 2011 was acquired by KeyBank in June 2018.. Bolstr has raised $7.06 million across 5 funding rounds from investors including KeyBank, Wilson Sonsini Goodrich & Rosati and Fusion Fund. The company has 17,903 employees as of December 31, 2021. Bolstr offers products and services including Business Checking Accounts, Business Loans, Business Credit Cards, Lines of Credit, and Savings Accounts. Bolstr operates in a competitive market with competitors including Tongo, Capify, Swift Capital, Super G Capital and OAREX, among others.
- Headquarter Chicago, United States
- Employees 17903 as on 31 Dec, 2021
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Keycorp
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Products & Services of Bolstr
Bolstr offers a comprehensive portfolio of products and services, including Business Checking Accounts, Business Loans, Business Credit Cards, Lines of Credit, and Savings Accounts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for managing daily business transactions and finances
Loans to finance equipment, expansions, and working capital needs
Cards offering rewards and financing for business expenses
Flexible funds for short-term business cash flow requirements
Accounts to build business reserves and earn interest
Funding Insights of Bolstr
Bolstr has successfully raised a total of $7.06M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $2.3 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Seed — $2.3M
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First Round
First Round
(23 Dec 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Seed - Bolstr | Valuation | Fusion Fund , DRW Venture Capital |
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| Jun, 2016 | Amount | Debt – Conventional - Bolstr | Valuation |
investors |
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| Mar, 2016 | Amount | Debt – Conventional - Bolstr | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bolstr
Bolstr has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include KeyBank, Wilson Sonsini Goodrich & Rosati and Fusion Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment in early-stage startups focusing on healthcare, AI, and industrial technology.
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Founded Year | Domain | Location | |
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Venture capital firm backed by DRW
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Founded Year | Domain | Location | |
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US focused growth stage VC firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bolstr
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bolstr
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bolstr Comparisons
Competitors of Bolstr
Bolstr operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tongo, Capify, Swift Capital, Super G Capital and OAREX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commission calculation tools are provided for real estate agents.
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| domain | founded_year | HQ Location |
Financial services are provided to support business funding needs.
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| domain | founded_year | HQ Location |
Merchant cash advances are provided to small businesses for funding.
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| domain | founded_year | HQ Location |
Online platform for business loans
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| domain | founded_year | HQ Location |
Revenue advances are provided to digital media companies against receivables.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bolstr
Frequently Asked Questions about Bolstr
When was Bolstr founded?
Bolstr was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Bolstr located?
Bolstr is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Bolstr a funded company?
Bolstr is a funded company, having raised a total of $7.06M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $676.24K, raised on Dec 23, 2014.
How many employees does Bolstr have?
As of Dec 31, 2021, the latest employee count at Bolstr is 17,903.
What does Bolstr do?
Bolstr was founded in 2011 in Chicago, United States, as a platform for income sharing-based financing. Capital is provided to businesses in consumer, retail, and manufacturing sectors by inviting accredited investors to commit funds on listed deals. A fixed percentage of monthly revenue is repaid to investors until the loan is fully settled. Deals are removed from the marketplace and funds disbursed once commitments reach the required total.
Who are the top competitors of Bolstr?
Bolstr's top competitors include Tongo, Libertas Funding and OAREX.
What products or services does Bolstr offer?
Bolstr offers Business Checking Accounts, Business Loans, Business Credit Cards, Lines of Credit, and Savings Accounts.
Who are Bolstr's investors?
Bolstr has 8 investors. Key investors include KeyBank, Wilson Sonsini Goodrich & Rosati, Fusion Fund, DRW Venture Capital, and Montage Ventures.
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