Bolttech Raises $100M in Late-stage
Bolttech has successfully raised $100M in a Late-stage at a $1.8B valuation led by Dragon Funds, Eldridge Industries.
Company Overview
Bolttech is a InsurTech company headquartered in Singapore, founded in 2020 with 1500+ employees.
Digital insurance platform providing embedded insurance solutions
Fundraising Details
- Amount Raised: $100M
- Round Type: Late-stage
- Valuation: $1.8B
- Date: 2024-12-12
- Investors: Dragon Funds, Eldridge Industries
About Bolttech
Digital insurance platform providing embedded insurance solutions The company is positioned in the InsurTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Singapore
- Founded: 2020
- Team Size: 1500+
- Industry: InsurTech
What This Means
This funding round demonstrates strong investor confidence in Bolttech's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The InsurTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Bolttech's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.8B valuation marks an important milestone for Bolttech, positioning the company among notable players in the InsurTech industry.
Looking Ahead
With this new capital, Bolttech is well-positioned to execute on its growth strategy and continue building innovative solutions in the InsurTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2024-12-12. For more information about Bolttech, visit their headquarters at Singapore.
