Singapore-based insurtech unicorn Bolttech announced its series C funding on Friday, raising over US$100 million.

The round was led by Dragon Fund, managed by Liquidity and MUFG, valuing the company at US$2.1 billion.

Baillie Gifford and Generali’s Lion River also participated in the funding.

The investment will improve its platform capabilities and expand its global presence, with operations in over 35 markets worldwide.