Bolttech, an insurance technology startup, officially confirmed that it had raised $180 million in a financing iteration spearheaded by corporate investment group Activant Capital Group, valuing it at upwards of $1 billion.
Bolttech is a company that develops workarounds to enhance the productivity of the insurance and financial services businesses. In other words, it is an organization that strives to establish a completely safeguarded and safe technology-driven finance sector. This particular entrant is on its way towards becoming a market juggernaut, vying with established ones such as Bima, Brolly, and Goji.
After receiving US$180 million in series A financial support spearheaded by Activant Capital Group, Singapore-based insurtech corporation Bolttech’s capitalization has exceeded US$1 billion. The investment round arrives only a year after the company’s 2020 release and is said to be the biggest Series A round ever for an insurer firm. The new funds, as per Rob Schimek, group CEO of Bolttech, will help advance its expansion as it intends to solidify its leadership position in the US. The additional funds will also be used to enhance the platform’s technology and capabilities.
About Bolttech
Bolttech is an international insurtech that was created digitally though with an international influence in mind. Richard Li originally established it in April 2020. The company’s purpose is to create the world’s best, most technologically advanced security and insurance atmosphere. They bring insurers, commercial partners, and customers together to transform the way insurance is acquired and advertised. With $44 billion in approximate premium costs per year, their insurance market is the world’s top innovation that has facilitated a system of this type to be at the center of the ecosystem.
Why is it the best in business?
The Bolttech unit provides millions of customers and partners throughout the world, and their involvement is expanding at a breakneck pace. They have 1500+ staff and 700+ channel partners thanks to the connectivity they acquired after gaining numerous big insurtech accolades, with $44 billion in mentioned insurance rates each year and thirty marketplaces covering three landmasses. The portfolio of the business involves 11 notable honors that have managed to earn them global recognition. In 2022, they were honored with the Asia Pacific region’s Insurtech Innovation Awards, in addition to the Efma and Accenture teamed up accolades for excellence in the Insurtech sector. Market Map’s transformer title was the first honor of 2022. Insurtech of the Year, Insurtech Figureheads, and Fastest Growing International Insurtech Company were among the eight awards they received in 2021.
Previous Fundings
Bolttech has garnered $217.2 million in financing over two rounds. On December 6, 2021, they received their most notable investment in the form of a Series A round. Bolttech has ten shareholders on board. Alma Mundi Ventures and BRV Capital Management are among the most popular stockholders.
Conclusion
Bolttech, an insurance technology startup, officially confirmed that it had raised $180 million in a financing iteration spearheaded by corporate investment group Activant Capital Group. This particular entrant is on its way towards becoming a market juggernaut, vying with established ones such as Bima, Brolly, and Goji.
Bolttech is a company that develops alternatives to optimize the effectiveness of the banking and financial businesses.
Bolttech has garnered $217.2 million in financing over two sessions.
Alma Mundi Endeavors and BRV Capital Management are their primary shareholders.
Richard Li originally established it in April 2020.
Market Map’s transformer title was the inaugural honor of 2022. Insurtech of the Year, Insurtech Leaders, and Fastest Growing International Insurtech Company were among the eight awards they received in 2021.
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