Bolttech's $147M Series C Fuels Global Expansion in Embedded Insurance
Deal News | Jun 18, 2025 | Raptor Capital Management LP
Bolttech, a Singapore-based insurtech company providing embedded insurance solutions, has completed a $147 million Series C funding round, valuing the company at $2.1 billion. The round saw participation from investors including Dragon Fund, Baillie Gifford, Generali, Sumitomo Corporation, and Iberis Capital. Bolstering its research and development capabilities, Bolttech aims to enhance its technology for better data analytics and AI applications. The firm facilitates connections between insurers, distributors, and customers, operating in a B2B2C model which supports 700 distribution partners and over 230 insurers. The funds from the Series C round will also aid in expanding their reach to Africa and North America. Despite a stable number of partners over recent years, Bolttech's quoted premiums have increased significantly to $65 billion. The company competes with traditional and tech-focused insurers but emphasizes collaborative competition to close the global protection gap.
Sectors
- InsurTech
- Financial Services
- Tech Industry
Geography
- Singapore – Bolttech is based in Singapore, making it a central geographical focus of the article.
- Asia – Bolttech is establishing a joint venture with Sumitomo to expand in the Asian market.
- North America – The article mentions Bolttech's plans to expand into North America.
- Africa – Bolttech plans to use the Series C funding to expand its operations into Africa.
Industry
- InsurTech – The article revolves around Bolttech, an insurtech company that provides embedded insurance solutions by connecting insurers with distributors.
- Financial Services – The article discusses a significant investment round led by various financial firms, indicating a focus on the financial services sector.
- Tech Industry – Bolttech leverages technology, particularly in data analytics and AI, to enhance its insurance offerings, positioning itself in the tech industry.
Financials
- 147,000,000 – The amount raised by Bolttech in its Series C funding round.
- 2,100,000,000 – The valuation of Bolttech following its Series C funding.
- 65,000,000,000 – Bolttech's total annualized quoted premiums as of June 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bolttech | Target Company | Company | An insurtech company providing embedded insurance solutions. |
| Raptor Capital Management LP | Investor | Company | A private equity firm involved in Bolttech's Series C funding round. |
| Dragon Fund | Lead Investor | Company | Led the initial $100 million close of Bolttech's Series C funding. |
| Baillie Gifford | Investor | Company | Participated in Bolttech's Series C funding round. |
| Generali | Investor | Company | One of the investors in Bolttech's Series C funding. |
| Sumitomo Corporation | Investor | Company | A Japanese conglomerate investing in Bolttech's new funding tranche. |
| Iberis Capital | Investor | Company | A Portuguese investment firm participating in the Series C round. |
| Rob Schimek | Founder | Person | Founder of Bolttech, an insurance veteran focusing on embedded insurance. |