New Startup Bolt Launches With $68 Million

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Bolt, a recently launched startup which wants to give the powerful Amazon some competition in providing sales platforms to small businesses, received $68 million in venture funding to promote its growth.

The funds come from Activant Capital and Tribe Capital.

Bolt says it wants to provide a “better than Amazon” checkout experience to counter the online retailer’s dominance in providing small businesses a platform for sales. It plans to help businesses make more money by countering online fraud and providing its customers a trove of data to help customers better manage their business.

So far, Bolt has raised $90 million in funding since its launch in January 2018.