Bolttech closes Series C at $147M with a $2.1B valuation to bolster its embedded insurance offerings

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Here’s a structured list of the key details from the provided text regarding the funding and background of Bolttech:

Company Details

  • Startup: Bolttech
  • Founded: 2020
  • Founders: Eric Gewirtzman, Rob Schimek
  • Location: Singapore
  • Business Model: Embedded insurance

Fundraising Details

  • Latest Funding Round: Series C
  • Amount Raised: $147 million
  • Valuation: $2.1 billion
  • Date of Funding Announcement: Wednesday (exact date not provided)

Previous Funding

  • First Close of Series C: Approximately $100 million, disclosed six months prior to the latest announcement.

Investors

  • Leading Investor: Dragon Fund
  • Participating Investors:
    • Baillie Gifford
    • Generali
    • Sumitomo Corporation
    • Iberis Capital
    • Tokio Marine
    • MetLife

Partnerships

  • Joint Venture: With Sumitomo for embedded insurance products in Asia.

Additional Information

  • Distribution Partners: Approx. 700
  • Insurers Connected: Over 230
  • Products Covered: Over 6,500
  • Total Annualized Premiums: Approximately $60 billion as of April 2023, up from $55 billion in May 2023.

Competitive Landscape

  • Competes with both traditional insurers and technology-focused players, emphasizing a collaborative approach in the industry.

This list encapsulates the critical information about Bolttech’s fundraising, its business operations, and strategic partnerships.

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2025-06-04 13:00:00