{"id":50842,"date":"2021-09-21T09:26:00","date_gmt":"2021-09-21T14:26:00","guid":{"rendered":"https:\/\/bolttech.io\/news\/bolttech-extends-series-a-funding-round-to-ususd210-million\/"},"modified":"2021-09-21T09:26:00","modified_gmt":"2021-09-21T14:26:00","slug":"bolttech-extends-series-a-funding-round-to-ususd210-million","status":"publish","type":"post","link":"https:\/\/bolttech.io\/pt-pt\/news\/bolttech-extends-series-a-funding-round-to-ususd210-million\/","title":{"rendered":"bolttech extends Series A funding round to US$210 million"},"content":{"rendered":"\n

The company welcomes two new strategic investors to its series A to accelerate international expansion – Singapore-based global investor, EDBI, and Alma Mundi Insurtech Fund, Spain<\/em><\/p>\n\n\n\n

Singapore, 21 September 2021<\/strong> \u2013 bolttech, one of the fastest growing international insurtech unicorns, today announced the extension of its recently-announced US$180 million Series A funding round led by Activant Capital Group, bringing the series total to US$210 million. The largest ever Series A round for an insurtech now adds two new strategic investors in bolttech, Singapore-based global investor EDBI (\u201cEDBI\u201d) and Alma Mundi Insurtech Fund, Spain (\u201cMundi Ventures\u201d).<\/p>\n\n\n\n

With a full suite of digital and data-driven capabilities, bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products. bolttech has built a global footprint that serves more than 7.7 million customers in 26 markets across 3 continents \u2013 North America, Asia, and Europe.<\/p>\n\n\n\n

The additional capital will help bolttech further enable its partners and customers with enhanced technology and digital capabilities. Bringing on these new strategic investors will also help strengthen its presence in Southeast Asia, Europe, and its other existing markets, as the business accelerates its international growth strategy.<\/p>\n\n\n\n

Rob Schimek, bolttech\u2019s Group Chief Executive Officer<\/strong>, said, \u201cWe 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.\u201d<\/p>\n\n\n\n

Ms. Chu Swee Yeok, CEO and President of EDBI<\/strong>, said \u201cWith an extensive technology-enabled insurance exchange and distribution network, bolttech is poised to lead the digital transformation of Southeast Asia\u2019s insurance sector. EDBI looks forward to partnering Rob and his team to strengthen their innovation hub in Singapore and support the growth of their businesses in the region.\u201d<\/p>\n\n\n\n

Javier Santiso, Mundi Ventures\u2019 CEO and General Partner<\/strong>, said, \u201cWe value investment partners such as bolttech that are willing to disrupt the insurance industry with new technologies and product innovation, and particularly new, game-changing distribution models. We look forward to working with Rob and his world-class team as they build-out their presence and partnerships here in Europe.\u201d<\/p>\n\n\n\n

-End-<\/p>\n","protected":false},"excerpt":{"rendered":"

The company welcomes two new strategic investors to its series A to accelerate international expansion – Singapore-based global investor, EDBI, and Alma Mundi Insurtech Fund, Spain Singapore, 21 September 2021 \u2013 bolttech, one of the fastest growing international insurtech unicorns, today announced the extension of its recently-announced US$180 million Series A funding round led by Activant […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[205],"class_list":["post-50842","post","type-post","status-publish","format-standard","hentry","category-sem-categoria"],"acf":[],"_links":{"self":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/posts\/50842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/comments?post=50842"}],"version-history":[{"count":0,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/posts\/50842\/revisions"}],"wp:attachment":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/media?parent=50842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/categories?post=50842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}