Author: Michele Dragoescu

Bolt Threads Raises $50 Million, Forms New Partnership to Further its Mission to Deliver Sustainable, High Performance Fabrics

Bolt Threads, an American-based biotechnology company creating the next generation of high performance fabrics, today announced it has raised $50 million in Series C financing. Existing investor Formation 8 led the round, along with new investors including Nan Fung, a business conglomerate based in Hong Kong, and Innovation Endeavors. Other existing investors, including Alafi Capital, East West Capital, Foundation Capital and Founders Fund also participated.