Bolt seeks $27M bridge funding to survive — founder puts in $5M of own money

Ryan Breslow, the controversial founder of checkout startup Bolt, is attempting to raise up to $27 million in pay-to-play bridge funding to keep the company afloat. Breslow is personally contributing $5 million to the round. The startup was once valued at $11 billion, and the new funding round is aimed at preventing the company's collapse.