Ikea Canada invests in delivery startup

Toronto-based Bolt Logistics, which specializes in fulfilling e-retail orders of large items, is set to announce that it has raised $115 million for expansion. The four-year-old company more than quadrupled its sales in 2021. It has landed Ikea Canada as both a client and an investor.

“Bolt has proven to be a good partner for Ikea Canada and has delivered high customer satisfaction tied to our services,” Krister Mattson, managing director of Ikea parent Ingka Holding’s investment arm, told the Globe and Mail. “We are keen to be adding Bolt to our portfolio.”