San Francisco-based mobile payments and fraud detection company Bolt has secured $68 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on July 9 and led by Activant Capital.
According to its Crunchbase profile, "Bolt is on a mission to perfect the checkout experience for online retailers and make sure nothing gets in the way when shoppers decide to buy. We provide the industry’s fastest checkout that is optimized for any device and coupled with a unique approach to fraud detection that approves more good orders. By converting more shoppers into customers Bolt has become the proven choice of customer-obsessed retailers like Dita, HUF Worldwide and Polywood."
The five-year-old company has raised three previous funding rounds, including a $22 million Series A round in 2018.
The round brings total funding raised by San Francisco companies in payments over the past month to $289 million, an increase of $225 million from the month before. The local payments industry has produced 89 funding rounds over the past year, yielding a total of $2.1 billion in venture funding.
In other local funding news, application performance management company 15Five announced a $30 million Series B funding round on June 18, led by Next47.
According to Crunchbase, "15Five develops cloud-based software designed to evaluate and improve employee performance. Its web-based employee engagement and continuous performance management software helps create high performing teams by combining OKRs, 1-on-1s, 360 reviews and employee appreciation in one simple weekly check-in. Nearly 2,000 businesses worldwide use 15Five to allow employees to share their triumphs and challenges, stay focused on key objectives and get regular feedback from managers who support them in reaching their potential."
Founded in 2011, the company has raised four previous rounds, including a $8.2 million Series A round in 2018.
Meanwhile, finance company Jacobi raised $7.6 million in Series A funding, announced on July 8. The round's investors were led by CreditEase Fintech Investment Fund.
From the company's Crunchbase profile, "Jacobi is a next-generation intelligence platform for investment managers to customize and scale multi-asset portfolio design. Its risk and portfolio-construction tools enable practitioners to work and communicate through intuitive storyboards. Built with a multi-asset focus, their platform facilitates the transfer of manager insights, generating better investment ideas and deeper levels of engagement between an investment manager and client."
Jacobi last raised $2.5 million in seed funding in 2017.