bolttech, an InsurTech with the mission of building the world’s leading technology-enabled ecosystem for protection and insurance, has welcomes BRV Capital Management as a strategic investor.
The addition follows bolttech’s announcement of Series A investors including Activant Capital, Tony Fadell – Principal at Future Shape LLC, Alpha Leonis Partners, Dowling Capital Partners, B. Riley Venture Capital, Tarsadia Investments, EDBI Singapore and Mundi Ventures.
The InsurTech unicorn extended its Series A funding round by another $30m in September, just a couple months after raising $180m in the round in July 2021.
bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products. bolttech has built a global footprint in 26 markets across North America, Asia, and Europe working with more than 150 insurers and 700 distribution partners.
The InsurTech said bolttech will use the investment proceeds to continue the acceleration of its international growth strategy. BRV’s partnership as a strategic investor will help propel bolttech’s expansion across Asia, particularly in Korea where bolttech has achieved rapid growth by delivering innovative and industry leading device protection solutions to Korea’s tech-savvy consumers.
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