Participated · Series A · Jul 2021

Bolttech provides embedded insurance solutions that integrate protection products into the customer purchase experience via a B2B2C model. The company acts as connective tissue between insurers, distribution partners and end customers, enabling insurance to be surfaced at the point of sale. It says it connects about 700 distribution partners with more than 230 insurers and covers over 6,500 products worldwide. Bolttech reports total annualized premiums of approximately $60 billion as of April, up from around $55 billion in May 2023. The startup plans to use new funding to boost R&D and improve its insurance technology, with particular focus on data analytics and AI. It also intends to expand further into Africa and North America and has struck a joint venture with Sumitomo to offer embedded insurance and end-to-end services in Asia. bolttech is a Singapore-based insurtech that builds a technology-enabled ecosystem for protection and insurance, with a particular focus on emerging consumers. The company serves customers in 30+ markets across North America, Asia and Europe. Led by Group Chief Executive Officer Rob Schimek, bolttech aims to expand its platform and ecosystem through technology. It received a $50M investment from LeapFrog Investments as an extension of its Series B, bringing the round to a total of US$246M. Proceeds will be used to support a global growth strategy focused on emerging markets and to expand its technology-enabled protection and insurance offerings. As part of the deal, bolttech will appoint Fernanda Lima of LeapFrog to its board as a Non-Executive Director. Bolttech offers embedded insurance via a B2B2C platform that connects more than 700 distribution partners with 230 insurance providers to offer roughly 6,000 products, including device protection as a flagship product. Its customers include Liberty Mutual, PayMaya, Progressive, Lazada, Samsung and Home Credit, and it holds licenses across Asia, Europe and all 50 U.S. states. The company quotes about $55 billion of annualized premiums and employs around 1,500 team members globally. Bolttech sells both white‑labeled and co‑branded protection products and enables insurance marketplaces inside partner apps such as JKOPay and Maya. The company intends to use recent funding to invest in proprietary technology and to pioneer AI/ML across the insurance and protection value chain, including computer vision, generative AI/NLP, advanced analytics and robotic automation. It also plans enhancements to its distribution technology, purchasing experiences, quoting engines, claims automation, fraud detection and inventory management. bolttech is a Singapore-based insurtech that provides a suite of digital and data-driven capabilities to connect insurers, distributors, and customers. Led by CEO Rob Schimek, the company aims to make it easier and more efficient to buy and sell insurance and protection products. bolttech has built a global footprint serving more than 7.7 million customers in 26 markets across North America, Asia, and Europe. The company completed a Series A round initially announced at US$180M and raised an additional US$30M as an extension, bringing the Series A total to US$210M. New strategic investors include Singapore-based EDBI and Mundi Ventures’ Alma Mundi Insurtech Fund alongside lead investor Activant Capital Group. The additional capital will be used to enhance technology and digital capabilities and to strengthen bolttech's presence in Southeast Asia, Europe, and its other existing markets. Led by CEO Rob Schimek, bolttech provides a full suite of digital and data-driven capabilities to power connections between insurers, distributors and customers. The company operates an insurance exchange that transacts US$5 billion in premiums and offers a gateway to more than 5,000 products and 150 insurance providers. bolttech has built a global presence serving more than 7.7 million customers across 14 markets in North America, Asia and Europe, and holds licenses in all 50 U.S. states and key markets in Asia and Europe. The company says it will use new funding to accelerate its growth strategy and solidify its market position. Its leadership and board include Peter Hancock, Robert Kyncl and Malcolm Turnbull.