bolttech, a Singapore-based global insurtech providing a tech-ecosystem for protection and insurance, raised an undisclosed amount in Series C up funding.
The round was led by Dragon Fund, by Liquidity and MUFG, with participation from Baillie Gifford, Generali – through Lion River, the Group’s company
dedicated to Private Equity, and others. Ridhi Chaudhary, CIO of Dragon Fund, is joining the Board of Directors.
The Series C up-round values bolttech at US$2.1 billion.
The round is expected to total more than US$100m.
The company intends to use the funds to continue to enhance its platform’s capabilities, expand its market presence globally, and accelerate its goal to make insurance better for customers.
bolttech is a global insurtech with a mission to build a technology-enabled ecosystem for protection and insurance. bolttech serves customers in more than 35 markets across Asia, Europe, North America, and Africa. With a full suite of digital and data-driven capabilities, the company empowers connections between insurers, distributors, and customers to make it more efficient to buy and sell insurance and protection products.
FinSMEs
20/12/2024