Global insurance technology (insurtech) company bolttech announced Dragon Fund, by Liquidity and MUFG, is leading bolttech’s Series C funding round along with investors Baillie Gifford, Generali – through Lion River, the Group’s company dedicated to Private Equity, and others.
This funding is expected to total more than $100 million. Following bolttech’s record-breaking Series A and B rounds, the Series C up-round values bolttech at $2.1 billion, and the investment will further enhance its global growth strategy.
The strategic support of lead investor Dragon Fund, along with the follow-on investors and the Series C funding, will enable bolttech to continue to enhance its platform’s capabilities, expand globally, and accelerate the goal of making insurance more tailored, accessible, affordable, and convenient for customers. This funding follows bolttech’s previous successful funding rounds, further establishing its role as a leader in the insurtech space.
KEY QUOTES:
“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.”
– Ridhi Chaudhary, CIO of Dragon Fund
“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.”
– Aakash Tulsani, Managing Director at Dragon Fund
“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.”
– Hendrik Borginon, Investment Manager, Baillie Gifford
“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.”
– Rob Schimek, Group Chief Executive Officer, bolttech
