Bolttech becomes a unicorn after raising US$180 million in a Series A round, the biggest ever for an insurtech.
Bolttech, one of the quickest developing global insurtech businesses, has completed a US$180 million series A financing round spearheaded by Activant Capital Group.
Bolttech is a company that devises mitigations to help the financial services and insurance industries be more productive. In other words, it is an organization that works to define an entirely secure and reliable technology-driven financial industry.
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Tony Fadell, Principal at Future Shape, Alpha Leonis Associates, Dowling Investment Firm, B. Riley Venture Funding, and Tarsadia Investments all participated in the funding round. The investor deal is the largest series A round for a digitization and values Bolttech at much more than $1 billion, elevating the insurtech unicorn status just one year after its 2020 release. The extra resources will be used to upgrade the technology and functionality of the platform.
About Bolttech
Bolttech was originally established in April 2020 by Richard Li. The business’s main offices are in the Asia-Pacific (APAC), Association of Southeast Asian Nations (ASEAN), Southeast Asia regions. The company is still in operation, and its most recent round of financing was Series B. The corporation ‘s lawful title is Bolttech Technologies, Inc., and its type of business entity is For Profit. The company focuses on Financial Services, FinTech, Insurance and InsurTech.
Bolttech for Nature
Bolt Tech has prioritized ESG (environmental, sociocultural, and governance) since its inception. While they are still in the beginning phases of their ESG voyage, they have a devoted working group with experienced advisors such as Trucost by Standard & Poors to direct them, in addition to the involvement of all of their staff. The Sustainable Development Goals (SDGs) of the United Nations will be the company’s central focus because they lay out a blueprint for constructing a healthier and more sustainable future for everyone. Among their areas of interest are universalism, ethics, e-waste, and environmental activism.
Previous Fundings
Bolttech has raised a total of $217.2 million in three rounds of financing. On October 17, 2022, they received a Series B round of financing. Eleven investors have contributed to the funding of Bolttech. The most subsequent shareholders are Tokio Marine and Alma Mundi Ventures.
Conclusion
Bolttech is a company that devises mitigations to help the financial services and insurance industries be more productive. Activant Capital Group spearheaded a US$180 million series. A financing round for Bolttech. Bolttech is one of the quickest developing global insurtech businesses. It works to define an entirely secure and reliable technology-driven financial industry.
FAQs
Bolttech is a company that devises mitigations to help the financial services and insurance industries be more productive.
Bolttech was originally established in April 2020 by Richard Li.
The company focuses on Financial Services, FinTech, Insurance and InsurTech.
Bolt Tech has prioritized ESG (environmental, sociocultural, and governance) since its inception.
The most subsequent shareholders are Tokio Marine and Alma Mundi Ventures.
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