Bolttech has secured over USD $100 million in Collection C funding led by Dragon Fund, with participation from Baillie Gifford and Generali’s Lion River. This newest spherical values the worldwide insurtech firm at USD $2.1 billion.
The funds will likely be directed in direction of enhancing Bolttech’s platform capabilities. This can assist in increasing its international market presence, and driving innovation in embedded insurance coverage.
Embedded insurance coverage integrates protection into the buying journey, offering a extra handy different to conventional fashions. Working throughout 35 markets, Bolttech connects insurers, distributors, and clients by way of customised options.
Dragon Fund’s Managing Director, Aakash Tulsani, highlighted Bolttech’s success in addressing a USD $70 billion international marketplace for embedded insurance coverage.
Consequently, Rob Schimek, Group CEO, said that the funding will additional the corporate’s mission to leverage expertise to simplify insurance coverage and enhance buyer experiences.
The Collection C funding builds on Bolttech’s prior profitable rounds, which established its sturdy development basis. Assist from traders like Baillie Gifford and Generali underscores confidence within the firm’s imaginative and prescient. Generali’s backing by way of its Lion River funding arm and Baillie Gifford’s recognition of long-term potential validate Bolttech’s modern strategy.
Trying forward, Bolttech plans to deepen its presence in current markets and discover new alternatives in untapped areas. By specializing in accessibility and affordability, Bolttech goals to reshape the insurance coverage trade globally.
The Collection C funding spherical that Bolttech achieved marks a pivotal step, equipping the corporate to proceed driving change within the evolving insurtech sector.
Featured picture credit score: Edited from Freepik
