bolttech, a rapidly expanding global insurtech company, has announced that its Series C funding round will be led by Dragon Fund, a venture backed by Liquidity and MUFG. Alongside Dragon Fund, other key investors in the round include Baillie Gifford, Generali (through Lion River, its private equity arm), and additional partners. The total funding raised is expected to exceed US$100 million.
Following the success of its record-breaking Series A and B rounds, this Series C up-round places bolttech’s valuation at an impressive US$2.1 billion. The new investment will help fuel the company’s global growth plans and strengthen its position in the insurtech sector.
Ridhi Chaudhary, Chief Investment Officer of Dragon Fund, expressed enthusiasm about the investment, saying, “We are excited to lead bolttech’s Series C round. In a short time, bolttech has become a leading, embedded insurtech player with global presence and scale. We are impressed by its tech capabilities and execution. I look forward to joining the Board of Directors and supporting its next phase of growth.”
Aakash Tulsani, Managing Director at Dragon Fund, also praised the company’s technology, stating, “bolttech’s differentiated technology and program management solution integrates insurance into customer purchase journeys, enhancing access to affordable, customized products. As a technology-first provider, bolttech is well positioned to shape the future of embedded insurance – a $70B+ addressable market globally.”
Baillie Gifford’s Hendrik Borginon, Investment Manager, added, “bolttech is a pioneering force in the embedded insurance space. By enabling seamless integration of insurance products into their distribution partners, bolttech is transforming how insurance is bought and sold globally. With a highly experienced team at the helm, we are optimistic about their potential to drive significant growth and profitability in the coming years.”
Commenting on the funding, bolttech’s Group CEO Rob Schimek said, “This latest round of funding is an endorsement of our value proposition and marks another significant milestone for bolttech. The funding also demonstrates our relentless pursuit of innovation and excellence as we enable the insurance industry. With this investment from Dragon Fund and our Series C investors, we will continue to revolutionise the future of insurance through our leading technology-enabled ecosystem.”
About bolttech
bolttech is a global insurtech company with a mission to create the world’s leading, technology-enabled ecosystem for protection and insurance. Operating in over 35 markets across Asia, Europe, North America, and Africa, bolttech offers a wide range of digital and data-driven solutions. The company connects insurers, distributors, and customers to streamline the buying and selling of insurance and protection products, making the process easier and more efficient.