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Startup Bolt Nearly Doubles Valuation to $11 Billion

  • Startup raises $355 million from investors including BlackRock
  • The company’s valuation was $6 billion just three months ago

Bolt Financial Inc., a startup that makes online shopping tools used by Forever 21 and other retailers, raised funds valuing the business at $11 billion, a person familiar with the terms said.

The deal nearly doubles Bolt’s valuation from just three months ago, said the person, who asked not to be identified because the terms are private.