bolttech Valuation, Funding & Investors

bolttech is valued at $2.1B as of June 2025.

Last bolttech valuation

$2.1B

Series C · Jun 2025

Last bolttech funding round

$147M

Series C · Jun 2025

Cumulative funding bolttech raised

$640M

across 5 funding rounds

Key investors in bolttech

  • Baillie Gifford
  • EDBI
  • Alma Mundi Ventures
  • Activant Capital
  • Sumitomo
  • Iberis Capital

bolttech Overview

About bolttech

bolttech is a Singapore insurance-technology company founded in 2020. It operates a technology-enabled distribution platform that connects insurers, telecommunications companies, retailers, banks and other partners. The platform supports embedded insurance and protection products covering devices, travel, motor, property, health and other risks. Business partners use bolttech's software and market relationships to offer policies within their own customer journeys. The company also operates insurance-brokerage and device-protection activities in multiple countries. Revenue comes from commissions, administration fees and related services generated when insurance and protection products are distributed. bolttech has expanded through acquisitions, including Kenya-based digital insurance intermediary mTek in December 2025. Its network spans markets in Asia, Europe, North America and Africa.


Founded

2020

HQ

SingaporeSingapore

Status

Privately held

Customer focus

B2B

Revenue model

Commission

Valuation

$2.1B (Jun 2025)

bolttech Valuation

bolttech is currently valued at $2.1B, based on its Series C in June 2025. Read the announcement ↗

The $147M round was led by Dragon Fund, with participation from Baillie Gifford, Generali, Iberis Capital and Sumitomo.

bolttech's valuation has grown 2.1x from $1B at its Series A in July 2021 to $2.1B in June 2025, across 4 priced rounds.

bolttech valuation by funding round

bolttech valuation by funding round
DateStageValuation
Jun 2025Series C$2.1B
Sep 2023Series B$1.6B
May 2023Series B$1.6B
Jul 2021Series A$1B

bolttech Funding History

bolttech has raised a total of $640M across 5 funding rounds.

bolttech's first fundraising round was a $180M Series A in July 2021. The most recent completed round was a $147M Series C in June 2025.

bolttech funding rounds

bolttech funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2025Series CDragon Fund (lead); Baillie Gifford; Generali; Iberis Capital; Sumitomo$147M$2.1Bbolttech is a Singapore-headquartered global insurtech founded in 2020, operating a digital platform that enables insurers, distributors and customers to buy and sell insurance and protection products across more than 35 markets in North America, Asia, Europe and Africa. On 4 June 2025 bolttech announced the close of its Series C round, with Series C investors acquiring shares for a total of US$147 million at a company valuation of US$2.1 billion. The round had a first close of around US$100 million in December 2024, led by Dragon Fund (backed by Liquidity and MUFG) with participation from Baillie Gifford, Generali through its Lion River vehicle and other investors. The final close added Sumitomo Corporation, which also entered a joint venture with bolttech to deliver embedded insurance programmes in Asia, and Iberis Capital, a Portuguese private equity and venture capital manager. The valuation was a step up from the US$1.6 billion set at the Series B in May 2023. Proceeds are intended to strengthen the platform's capabilities and accelerate global growth, with a focus on embedded insurance that integrates tailored protection into customer purchase journeys.
Sep 2023Series BLeapFrog Investments (lead)$50M$1.6Bbolttech is a Singapore-headquartered international insurtech founded in 2020, operating a digital platform that connects insurers, distributors, and customers to buy and sell insurance and protection products across more than 35 markets in North America, Asia, Europe, and Africa. The company focuses on technology-enabled ecosystems to address the global protection gap, particularly targeting emerging consumers with affordable insurance to promote financial inclusion. On September 21, 2023, bolttech secured a US$50 million investment from LeapFrog Investments, extending its Series B funding round to a total of US$246 million, described as the largest Series B for an insurtech. This followed the initial Series B tranche of US$196 million announced on May 17, 2023, led by Tokio Marine with participation from MetLife Next Gen Ventures, Khazanah Nasional, and others, which valued the company at US$1.6 billion in an up-round. Proceeds from the LeapFrog investment support bolttech's global growth, emphasizing emerging markets in Africa and Asia, expansion of its technology platform, and partnerships for financial inclusion. Fernanda Lima from LeapFrog joined the board as a Non-Executive Director to aid emerging market strategy and ESG efforts. The funding validates bolttech's business model amid a challenging environment for insurtechs. bolttech aimed for profitability in 2024, maintaining a strong financial foundation while scaling rapidly. Subsequent developments include a Series C round in December 2024 raising over $100 million at a $2.1 billion valuation, led by Dragon Fund and Liquidity Group, with investors like Baillie Gifford and Lion River, plus a $50 million venture debt from HSBC.
May 2023Series BTokio Marine (lead); MetLife; Khazanah Nasional$196M$1.6BBolttech is a global B2B2C insurtech platform that connects insurance providers with distributors and customers across more than 30 markets in Asia, Europe, and the United States. The company provides a comprehensive digital ecosystem enabling insurers and distributors to offer customized insurance and protection products, quoting approximately $55 billion in annualized premiums and connecting 700 distribution partners with over 230 insurance providers offering more than 6,000 product variations. In May 2023, bolttech announced its Series B funding round, raising $196 million at a post-money valuation of $1.6 billion in an up-round. The round was led by Tokio Marine, Japan's first insurance company with a 140-year history, and included new and existing investors such as MetLife through its subsidiary MetLife Next Gen Ventures and Malaysia's sovereign wealth fund Khazanah Nasional. The company stated this was the largest straight equity Series B for an insurtech in the prior year, following its 2021 Series A, which had been the largest Series A round for an insurtech at that time. Bolttech planned to deploy proceeds toward organic growth including proprietary technology development, digital capabilities for business partners and end consumers, talent expansion, and exploration of inorganic growth opportunities to accelerate international expansion. The company emphasized its strong financial foundation with a clear path to profitability while achieving rapid growth and scale as a leading international insurtech platform.
Dec 2021Series AAlma Mundi Ventures (lead); BRV Capital Management (lead); EDBI (lead)$67M--
Jul 2021Series AActivant Capital (lead); Dowling Capital Management; Tony Fadell; J.A.S Ventures; B. Riley Wealth Management; Alpha Leonis Partners; Tarsadia Investments$180M$1Bbolttech, an international insurtech company launched in 2020, completed an oversubscribed $180 million Series A funding round on July 1, 2021, led by Activant Capital with participation from Tony Fadell of Future Shape, Alpha Leonis Partners, Dowling Capital Partners, B. Riley Venture Capital, and Tarsadia Investments. This marked the largest Series A for an insurtech and elevated bolttech to unicorn status with a post-money valuation exceeding $1 billion. The platform operates as an insurance exchange, connecting insurers, distributors, and customers with digital and data-driven capabilities to facilitate buying and selling insurance products. At the time of the funding, bolttech served approximately 7.7 million customers across 26 markets in North America, Asia, and Europe, transacting $5 billion in premiums on its platform with access to over 5,000 products from 150 insurance providers. In the US, the company had tripled its enterprise customers and expanded distribution partnerships nine-fold over the prior year, positioning it as the largest insurance exchange in North America. The funds were earmarked to enhance technology and digital capabilities, consolidate US leadership, and support international expansion into markets like Europe and Southeast Asia. Activant Capital's involvement included board addition of Richard Benson-Armer, complementing directors like Peter Hancock, Robert Kyncl, and Malcolm Turnbull. CEO Rob Schimek emphasized connecting more stakeholders to reshape insurance distribution. The round later extended to $210 million in September 2021 with EDBI and Alma Mundi Insurtech Fund, but the core July tranche matches the specified investors and date.

Who has invested in bolttech?

19 investors have backed bolttech across its funding rounds, including Baillie Gifford, EDBI, Alma Mundi Ventures, Activant Capital, Sumitomo and Iberis Capital.

Lead investors include Dragon Fund, LeapFrog Investments, Tokio Marine, Alma Mundi Ventures, BRV Capital Management and 2 other investors.


bolttech Investors

Investors in bolttech by funding rounds participated
InvestorHQRoundsRoleFirst check
Baillie GiffordUnited KingdomEdinburgh1ParticipantJun 2025
Dowling Capital ManagementUnited StatesHartford, CT1ParticipantJul 2021
Alma Mundi VenturesSpainMadrid1LeadDec 2021
GeneraliItalyTrieste1ParticipantJun 2025
Dragon FundSingaporeSingapore1LeadJun 2025
BRV Capital ManagementHong KongHong Kong1LeadDec 2021
Tony FadellFranceParis1ParticipantJul 2021
J.A.S VenturesUnited StatesNew York City, NY1ParticipantJul 2021
LeapFrog InvestmentsSouth AfricaJohannesburg1LeadSep 2023
B. Riley Wealth ManagementUnited StatesLos Angeles, CA1ParticipantJul 2021
MetLifeUnited StatesUnited States1ParticipantMay 2023
EDBISingaporeSingapore1LeadDec 2021
Alpha Leonis PartnersSwitzerlandZurich1ParticipantJul 2021

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Acquisitions by bolttech

bolttech has acquired 6 companies to date.

Last acquisition by bolttech was on December 3rd 2025. bolttech acquired mTek for undisclosed valuation.


Latest Acquisitions by bolttech

mTek
Digital Care
Axle Asia
AVA Insurance Brokers
Description
mTek is a Nairobi digital insurance intermediary founded in 2019 and legally operated by Hillcroft Insurance Brokers Limited. Its mobile and web services allow customers to compare, purchase and manage insurance policies without relying on paper processes. The platform distributes motor, medical and other protection products supplied by licensed insurers in East Africa. Individuals and business partners use mTek for quotations, payments, policy documents, renewals and claims-related support. The company also supports embedded-insurance programs with banks, payment businesses and consumer platforms. Revenue comes from insurance-broker commissions and related distribution services. Singapore insurance-technology company bolttech announced on 3 December 2025 that mTek had become part of its group. mTek's management continued leading East African activity during the integration.
Digital Care is a Barcelona-headquartered specialist in mobile device insurance programs for carriers and retailers. The company offers protection plans, repair services, and trade-in solutions covering smartphones and tablets, partnering with operators like Vodafone and Orange across Europe and Latin America.
Axle Asia is a Singapore-based consultancy for the insurance industry offering general coverage, employee benefits, Sharia-compliant products, and specialized jewelry insurance. Services encompass health, life, accident, travel, disability, critical illness, pension, and severance plans. The firm provides tailored strategies and smart solutions across Southeast Asia.
AVA Insurance Brokers is a Dubai-based firm providing commercial insurance broking services in the Middle East. Specializing in marine cargo, construction, and property coverage, it places risks with Lloyd's of London syndicates and regional carriers. The team handles claims exceeding $500 million annually for clients in oil and gas sectors.
HQ CountryKenyaPolandIndonesiaSingapore
HQ City
Nairobi
Warsaw
Jakarta
Singapore
Deal Date3 Dec 202518 Oct 20236 Oct 202216 Feb 2022
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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bolttech Competitors

bolttech competitors include listed companies like ZhongAn and Clover Health, and private ones like Kin Insurance, ManyPets, Marshmallow and Cover Genius.

Public and private companies comparable to bolttech
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Kin InsuranceUnited StatesChicago, ILPrivate$202M-$2B10.1x
ManyPetsUnited KingdomLondonPrivate$85M-$2B23.5x
MarshmallowUnited KingdomUnited KingdomPrivate$500M-$2B4.0x
ZhongAnChinaChinaPublicly listed$5.2B$320M$2B0.5x
Clover HealthUnited StatesUnited StatesPublicly listed$1.9B($84M)$2.3B0.8x
Cover GeniusAustraliaSydneyPrivate--$1.9B-

bolttech Public Comps

bolttech is still privately-owned, but its public comps include ZhongAn, Clover Health, Exzeo Group, Ethos Insurance, Rasan, Trupanion, Lemonade, Slide Insurance Holdings, Hippo Insurance and Root Inc..

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ZhongAn$5.2B$320M0.5x0.5x8.8x17.7x
Clover Health$1.9B($84M)1.1x0.8x(25.3x)30.2x
Exzeo Group$217M$113M6.8x6.7x13.1x13.0x
Ethos Insurance$388M$79M6.8x3.8x33.4x22.2x
Rasan$174M$73M14.6x9.3x35.1x21.9x
Trupanion$1.4B$39M0.7x0.7x26.2x12.8x
Lemonade$738M($146M)4.5x2.9x(22.9x)(57.6x)
Slide Insurance Holdings$1.2B$605M2.2x1.5x4.3x4.1x

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Common questions about bolttech

When was bolttech founded?bolttech was founded in 2020.
Where is bolttech headquartered?bolttech is headquartered in Singapore, Singapore.
Is bolttech publicly listed?No, bolttech is a private, VC-backed company.
What is bolttech's valuation?bolttech was last valued at $2.1B in its Series C in June 2025.
How much funding has bolttech raised?bolttech has raised $640M across 5 funding rounds.
What was bolttech's last funding round?bolttech's last funding round was a $147M Series C in June 2025, led by Dragon Fund.
Who are bolttech's investors?bolttech's investors include Baillie Gifford, Dowling Capital Management, Alma Mundi Ventures, Generali, Dragon Fund, BRV Capital Management, Tony Fadell, J.A.S Ventures, LeapFrog Investments, B. Riley Wealth Management and 9 others.
Which companies are comparable to bolttech?Companies comparable to bolttech include Kin Insurance, ManyPets, Marshmallow, ZhongAn, Clover Health and Cover Genius.
How many companies has bolttech acquired?bolttech has acquired 6 companies, including mTek, Digital Care, Axle Asia, AVA Insurance Brokers and I-surance.

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