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bolttech raises US$210 million in extended Series A funding round
Insurtech startup welcomes EDBI and Alma Mundi as new strategic investors
The Asset 21 Sep 2021

Insurance technology startup bolttech has extended its US$180 million series A financing round led by Activant Capital Group, bringing the total funds raised to US$210 million. The funding round adds two new strategic investors, Singapore-based global investor EDBI and Spain’s Alma Mundi Insurtech Fund.

With a full suite of digital and data-driven capabilities, bolttech enables connections between insurers, distributors and customers to make it easier and more efficient to buy and sell insurance and protection products.

The company now serves more than 7.7 million customers in 26 markets across North America, Asia and Europe.

The additional capital will help bolttech to further enable its partners and customers with enhanced technology and digital capabilities, the firm says. Bringing on new strategic investors will also help strengthen its presence in Southeast Asia, Europe, and other existing markets.

Chief executive officer Rob Schimek says: “We are thrilled to welcome such high-calibre strategic investors. They bring an extensive network and deep expertise in their respective markets which will help propel our growth and support our innovation for our partners and customers around the world. Together with their partnership, we look forward to accelerating our international growth and realizing our vision to connect more people around the world with ways to protect the things they value.”

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