Singapore's bolttech adds More Investors in Series A

 

Singapore-based insurtech bolttech's Series A has attracted more funding as EDBI and Alma Mundi Insurtech Fund, Spain (“Mundi Ventures”) joined the round. The company has raised $210 million in the extended Series A, which is led by Activant Capital Group.

This additional capital from the extended round will help bolttech enable its partners and customers with enhanced technology and digital capabilities. These investors will also help the company strengthen its presence in Southeast Asia, Europe, and its other existing markets.

Rob Schimek, bolttech’s Group Chief Executive Officer, said, “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.”

Headquartered in Singapore, bolttech helps connect insurers, distributors, and customers. The company makes it easier and more efficient to buy and sell insurance and protection products. The company has a global footprint that serves more than 7.7 million customers in 26 markets across 3 continents.