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Kul Bhushan · · 1 min readSingapore insurtech unicorn extends series A round to $210m
Singapore-based Bolttech has announced an extension of its series A funding round to US$210 million. The insurtech startup has also onboarded two new strategic investors in its extended round.
More funding details
- New investors: EDBI, Alma Mundi Insurtech Fund
- Stage: Series A
More company updates
- Bolttech’s valuation had gone past US$1 billion in July after it secured US$180 million in a series A funding round led by Activant Capital Group.
- Founded in 2020 as part of the Pacific Century Group, Bolttech offers an insurance exchange platform to help connect insurers, customers, and distributors.
- The company says it serves more than 7.7 million customers in 26 markets across North America, Asia, and Europe.
- The onboarding of new investors will help strengthen its presence in Southeast Asia, Europe, and other existing markets, Boltech added.
For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.
Editing by Samreen Ahmad and Lorenzo Kyle Subido
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