Formation 8, Foundation Capital co-lead $32.3 mln funding in Bolt Threads

Formation 8 and Foundation Capital have co-led a $32.3 million Series B funding round in Bolt Threads, which makes silk fibers based on proteins found in nature. Founders Fund participated in the funding. Bolt Threads, which has emerged from stealth, has raised a total of $40 million, including a Series A funding led by Foundation Capital.

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