For many companies selling auxiliary services or products (thinking of insurance), the biggest problem with online selling is their offer to appear at the right time on the customer’s purchase trip – just when the customer is more likely to spend this extra dollar to sweeten the deal.
With more and more shopping online, companies that make it possible, linking service providers to product distributors, see intelligence, both from customers and investors. Such a company, based on Singapore BoltActing as a connective tissue between insurance, distributors and target customers, he said on Wednesday that it was closed a $ 147 million funding round in valuation of $ 2.1 billion.
News come six months After the company revealed the first closure of C seriesAbout $ 100 million, led by the Dragon Fund with the participation of Baillie Gifford, Generali and other investors. The Japanese company Sumitomo Corporation and the Portuguese Investment Company Iberis Capital are also among those who invest in the new dose.
Founded in 2020 by Rob Schimek Insurance Veteran, BoltTech specializes in built -in insurance – providing insurance or protection products incorporated into the customer market experience. The company has rapidly increased with the B2B2C approach, rapidly increasing hundreds of millions of funding and says it now connects about 700 distribution partners with more than 230 insurers, covering over 6,500 products worldwide.
As part of the C series, Bolttech also impresses a joint venture with Sumitomo to provide built -in insurance products and integrated “end -to -end services” to associates in Asia.
The start plans to use fresh cash to improve its R&D potential and improve its insurance, especially in areas such as data analysis and AI. Funding will also be used to expand further to Africa and North America.
We noticed that there was no remarkable upward trend in the number of distribution partners and Bolttech insurers compared to the numbers it shared two years ago, when it increased B. However, the company says that the total annual premiums have increased to about $ 65 billion today.
We’ve seen a series of built -in insurance starts, such as QoverSynctera, who has come in recent years, as more shopping has been moved to the internet, as pandemic and insurers are trying to adapt to the changing consumer habits.
But Bolttech says it competes with both traditional insurers and with some players focusing on technology. “Sometimes, competition simply gets the” do-it-yourself “approach, where potential partners choose to build solutions at home.
Bolttech’s investors base includes insurers such as Tokio Marine and Japan’s Metlife and has collaborated with big names such as Allianz, Apple, AXA, Liberty Mutual, Orange, Progressive, Lazada, Samsung and Home Credit.
The company revealed the last amount for the total annual reported premiums of $ 65 billion in June 2025.
