bolttech, a global insurtech company, raises over US$100 million in Series C funding led by Dragon Fund to fuel its global expansion, platform enhancements, and mission to make insurance more accessible and affordable.
bolttech, the fast-growing global insurtech, has announced that Dragon Fund, by Liquidity and MUFG, is leading its Series C funding round. The round includes investors such as Baillie Gifford and Generali, through Lion River, the group’s private equity arm, and is expected to total more than US$100 million (RM451 million). Following its record-breaking Series A and B rounds, the Series C up-round values bolttech at US$2.1 billion (RM9.4 billion).
The funding will support the company’s global growth strategy, enhancing platform capabilities, expanding its market presence, and accelerating its mission to make insurance more tailored, accessible, affordable, and convenient.According to bolttech, the strategic support from lead investor Dragon Fund, along with follow-on investors and Series C funding, will enable the company to enhance its platform capabilities, expand its global market presence, and accelerate its mission to make insurance more tailored, accessible, affordable, and convenient for customers. This investment builds on bolttech’s previous successful funding rounds, further solidifying its position as a leader in the insurtech space. Ridhi Chaudhary, CIO of Dragon Fund, commented, “We are excited to lead bolttech’s Series C round. In a short time, the company 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, added, “bolttech’s differentiated technology and programme management solutions integrate insurance into customer purchase journeys, enhancing access to affordable, customised product
INSURTECH FUNDING GLOBAL EXPANSION PLATFORM DEVELOPMENT ACCESSIBLE INSURANCE
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