Bolttech has secured over $100 million in a Series C funding round, led by Dragon Fund and Liquidity Group, elevating its valuation to $2.1 billion and positioning the company for significant growth in the insurtech sector.

Target Company Overview

Bolttech is a pioneering insurtech company that is transforming the way insurance and protection products are accessed and managed. Utilizing advanced technology, Bolttech’s platform offers a seamless experience for insurers and distributors, facilitating the presentation of their offerings while providing tailored solutions to meet the specific needs of customers. The company’s operations cover a wide array of insurance products, such as device protection, health coverage, life insurance, and property insurance, thereby positioning itself as a comprehensive answer to modern insurance demands.

Industry Overview in Singapore

The insurance technology sector in Singapore is experiencing significant growth, driven by the rising demand for more efficient and customer-centric insurance solutions. The city-state is well-known for its robust financial services industry, which is increasingly integrating technology to enhance service delivery. As a result, insurtech companies like Bolttech are well-positioned to leverage Singapore's vibrant ecosystem to expand their operations and customer base.

Singapore's regulatory framework is supportive of innovation in the insurance sector, fostering an environment conducive to the growth of insurtech firms. The Monetary Authority of Singapore (MAS) has introduced guidelines and initiatives aimed at