bolttech, a Singapore-based international insurtech firm, added Sumitomo Company, and Iberis Capital as strategic buyers.
Sumitomo Company and Iberis Capital, which joined Dragon Fund, Baillie Gifford, Generali’s Lion River, and others. Their participation marked the shut of bolttech’s Sequence C funding spherical, with shares acquired by Sequence C buyers within the quantity of US$147m, reflecting a valuation of US$2.1 billion.
Along with Sumitomo Company changing into a strategic investor, the corporate has entered a three way partnership with bolttech to ship embedded insurance coverage programmes and complementary end-to-end companies for companions in Asia.
This funding will allow the corporate to reinforce its platform’s capabilities and speed up its international progress technique, to make insurance coverage extra personalised, accessible, reasonably priced, and handy for patrons.
Led by Rob Schimek, Group Chief Govt Officer, bolttech is a distribution platform for P&C insurance coverage. Its tech-enabled trade of insurance coverage merchandise consists of two-thirds of America’s main insurers, serving to companies of every kind distribute insurance coverage, develop market attain, and meet extra of the insurance coverage and safety wants of shoppers.
FinSMEs
05/06/2025
