bolttech, a Singapore-based insurtech company, received a $50m investment from LeapFrog Investments as an extension of its Series B round.
The investment adds to bolttech’s recent Series B funding round, now totalling US$246m. As part of the deal, bolttech will appoint Fernanda Lima, Partner and Co-Head of LeapFrog’s Asia Financial Services team to its Board as a Non-Executive Director.
The company will use the proceeds for global growth strategy, with a focus on emerging markets, as well as expanding its technology-enabled ecosystem for protection and insurance for emerging consumers.
Led by Rob Schimek, Group Chief Executive Officer, bolttech is an international insurtech with a mission to build a technology- enabled ecosystem for protection and insurance. The company serves customers in 30+ markets across North America, Asia and Europe.
bolttech, a Singapore-based insurtech company, received a $50m investment from LeapFrog Investments as an extension of its Series B round. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.Shishir Gupta, The Founder & CEO of StartupLanes
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