The people
What they build
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Working at GoBolt
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On the TechTO stage
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About
Second Closet came out of Ang's own problem: he was sleeping on a couch in a small Liberty Village apartment with nowhere to put his things, and downtown self-storage was priced off downtown real estate. The service picked up your belongings, warehoused them, and returned any single item on request. It grew fast — 14 months in, Ang told the July 2018 TechTO stage the company was about 35 people on $2.5 million of seed funding, with a stated goal of becoming the largest storage and warehousing company in the world for consumers and enterprise both. The B2B side outgrew the consumer one, and the founders relaunched as GoBolt to own the delivery leg themselves rather than depend on third-party logistics. It has since raised a $75-million Series C, built out electric vans and trucks from Ford and Lion Electric, and acquired same-day delivery startup BoxKnight.
Backers
Raised a $75-million Series C in December 2022 after a Series B and two Series A tranches; investors include Yaletown Partners.
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Quick answers
Was GoBolt called something else?
Yes — Second Closet, a consumer storage service with pickup and delivery. The same company became GoBolt as its business-to-business logistics side took over.
Why did Second Closet become a logistics company?
Because relying on third-party couriers to move customers' things was the weakest link. Owning the delivery leg, and the software behind it, was the fix.
How did Mark Ang run the company early on?
On a lean management model he described on stage: one stated true north, five measurable annual goals reverse-engineered down to quarterly, monthly and weekly targets, and weekly meetings where every team member reports progress as a percentage.