2nd Aug 2021 19:21
TMT Investments PLC - venture capital investor in high-growth technology companies - Notes that portfolio company Bolt, a ride-hailing and food delivery firm, has raised EUR600 million through an equity finance round led by Sequoia Capital.
The fundraise reflects a substantial valuation uplift of USD30 million in value of TMT's investment in bolt, compared to the valuation at December 31.
The value uplift is expected to cause a significant rise in the company's net asset value.
Current stock price: USD11.30, up 7.1%
Year-to-date change: up 42%
By Dayo Laniyan; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Tmt Investments