Jul 6, 2021

bolttech , a New York and Singapore-based insurtech company, raised $180M in Series A funding. The round, which valued bolttech at more than US$1 billion, was led by Activant Capital Group with participation from Tony Fadell – Principal at Future Shape, Alpha Leonis Partners, Dowling Capital Partners, B. Riley Venture Capital and Tarsadia Investments. As part of the investment, Richard Benson-Armer, Partner at Activant, will join bolttech’s board of directors which already includes Peter Hancock, Robert Kyncl, and Malcolm Turnbull, amongst others. The company intends to use the funds to accelerate its growth strategy and solidify its position in the market. Led by Rob Schimek, Group Chief Executive Officer, bolttech provides a full suite of digital and data-driven capabilities to power connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products. The company operates an insurance exchange that transacts US$5 billion in premiums on the platform, providing a gateway to more than 5,000 products and 150 insurance providers. To date, bolttech has built a global pressence that serves more than 7.7 million customers in 14 markets across 3 continents – North America, Asia, and Europe, with licenses in 50 states in the U.S. and several key markets in Asia and Europe-wide. FinSMEs 06/07/2021