Bolttech Secures $100 Million in Series C Funding

Global insurtech bolttech has successfully raised over $100 million in a Series C funding round led by Dragon Fund, with participation from Baillie Gifford and Generali, valuing the company at $2.1 billion. The funding will enhance bolttech's platform capabilities and expand its global market presence, aligning with its mission to make insurance more tailored and accessible. Dragon Fund's CIO, Ridhi Chaudhary, expressed excitement for the investment, highlighting bolttech's impressive technology and rapid growth in the embedded insurance sector. Aakash Tulsani, Managing Director at Dragon Fund, noted the company's potential to shape the future of embedded insurance, a market worth over $70 billion. The investment underscores confidence in bolttech's innovative approach, which integrates insurance into customer purchasing journeys. This latest capital boost builds on the company's previous successful funding rounds, reinforcing its leadership position in the insurtech landscape.