bolttech extends Series A funding round to $210 million
bolttech announced the extension of its recently-announced $180 million series A funding round led by Activant Capital Group, bringing the series total to $210 million. This additional capital is provided by two new strategic investors – Singapore-based global investor EDBI and Alma Mundi Insurtech Fund, Spain.
Since launching, bolttech counts more than 7.7 million customers in 26 markets across 3 continents – North America, Asia, and Europe.
“We are thrilled to welcome such high calibre strategic investors. They bring an extensive network and deep expertise in their respective markets which will help propel our growth and support our innovation for our partners and customers around the world. Together with their partnership, we look forward to accelerating our international growth and realising our vision to connect more people around the world with ways to protect the things they value.” – Rob Schimek, bolttech’s Group CEO.
“With an extensive technologyenabled insurance exchange and distribution network, bolttech is poised to lead the digital transformation of Southeast Asia’s insurance sector. EDBI looks forward to partnering Rob and his team to strengthen their innovation hub in Singapore and support the growth of their businesses in the region.” – Chu Swee Yeok, CEO and President of EDBI.
“We value investment partners such as bolttech that are willing to disrupt the insurance industry with new technologies and product innovation, and particularly new, game-changing distribution models. We look forward to working with Rob and his world-class team as they build-out their presence and partnerships here in Europe.” – Javier Santiso, Mundi Ventures’ CEO and general partner.