Spider silk startup Bolt Threads closes on $123 million in Series D funding

TechCrunch | 1/3/2018 | Sarah Buhr
jacensolo775 (Posted by) Level 3
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Bolt Threads, the startup making spider silk from microbugs, has raised a giant $123 million Series D round of funding. As we reported in November, an SEC filing showed the company had raised $106 million from Foundation Capital and Formation 8.

Bolt now tells TechCrunch it has added to that amount, bringing up its total to $147 million raised so far.

Funding - Baillie - Gifford - Participation - Foundation

The funding was led by Baillie Gifford, with additional participation from the aforementioned Foundation Capital and Formation 8 as well as Fidelity Management, Research Company and Temasek. Allen & Company LLC both advised on the transaction and participated in the round.

Bolt Threads has made great strides since it launched in 2009 with an ambitious endeavor to make spider silk, a material stronger than teflon but softer than a cloud, and more abundant.


Many have tried to do something similar...
(Excerpt) Read more at: TechCrunch
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