bolttech, one of the world’s fastest-growing international InsurTech companies, announced Tokio Marine, alongside other shareholders, will lead bolttech’s Series B funding round.

One year after closing the largest Series A funding round ever for an InsurTech, the investment values bolttech, Singapore’s own native InsurTech unicorn, at an up-round valuation of roughly $1.5 billion.

Bolttech’s strengths and market reach will be complemented by Tokio Marine’s role as a strategic investor, increasing distribution power, product innovation, and balance-sheet capacity. The Series B revenues will be primarily used to support the company’s ongoing international expansion.

“Securing a lead investor of Tokio Marine’s high caliber and esteem is a strong validation of international investors’ belief in the resilience of bolttech’s business model, our long-term value proposition, and our role in shaping the future of insurance distribution. Tokio Marine will be a pivotal strategic partner as we continue to accelerate our growth strategy and global expansion.”

                                                       Rob Schimek, bolttech’s Group Chief Executive Officer.

“Tokio Marine is excited to have the opportunity to lead bolttech’s Series B round, and join bolttech on its incredible growth trajectory as their strategic partner. The scale and breadth of bolttech’s platform, coupled with its industry-leading tech and digital capabilities, and extensive insurance experience, uniquely positions the company as a clear leader within the InsurTech space. We look forward to working with bolttech to take advantage of the commercial opportunities our new strategic partnership will offer.”

                Masashi Namatame, Managing Executive Officer, Group Chief Digital Officer.

One of the top embedded insurance providers in the world, bolttech is a B2B2C insurtech company that uses its innovative insurance exchange to link insurers with distributors and their clients. Bolttech’s platform offers companies inside and outside the insurance industry everything they need to offer insurance products to meet their customers’ evolving insurance and protection needs in the digital age. Bolttech’s platform has licenses to operate in more than 30 markets throughout Asia and Europe and all 50 U.S. states. Through this connectedness, bolttech’s partners may speed digital transformation, strengthen customer interactions, and rethink existing business models to create new revenue sources.