What does bolttech do?
Bolttech is a global insurtech company based in Singapore that operates a tech-enabled distribution platform for property and casualty insurance. The platform connects businesses with two-thirds of America’s leading insurers, helping them distribute insurance products and meet diverse customer protection needs.
How much did they raise?
The company closed a US$147M Series C funding round, with a valuation of US$2.1 billion. Key lead investors include Sumitomo Corporation and Iberis Capital, while participants such as Dragon Fund, Baillie Gifford, and Generali’s Lion River also joined the round.
What are their plans for the money?
With the new funds, Bolttech plans to enhance its platform capabilities and accelerate its global growth strategy. The investment will support initiatives to make insurance more personalized, accessible, affordable, and convenient, including launching a joint venture aimed at delivering embedded insurance programs and comprehensive end-to-end services across Asia.
What have they achieved so far?
Bolttech has already demonstrated significant progress by integrating a substantial portion of America’s leading insurers into its platform and forming strategic partnerships, notably with Sumitomo Corporation, to expand its embedded insurance offerings and strengthen its market position.
