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Bolttech closes Series C at $147M with a $2.1B valuation to bolster its embedded insurance offerings
Singapore-based embedded insurance startup Bolttech has closed a $147 million Series C round of funding at a $2.1 billion valuation.
We’ve seen a host of embedded insurtech startups like Qover, Neat and Synctera coming up over the past few years, as more shopping has moved online since the pandemic and insurers try to adapt to changing consumer habits. However, we often speak about ‘coopetition’ (collaborative competition) because in a world with a growing protection gap, the opportunity is vast, and we believe the industry can achieve more by working together to expand access to insurance for customers everywhere,” Schimek told TechCrunch. Bolttech’s investor base includes insurers such as Japan’s Tokio Marine and MetLife, and it has partnered with major names like Allianz, Apple, AXA, Liberty Mutual, Orange, Progressive, Lazada, Samsung, and Home Credit.
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