bolttech secures $147m Series C and hits $2.1bn valuation

June 5, 2025

Global InsurTech bolttech has successfully closed its Series C funding round, raising $147m and securing a post-money valuation of $2.1bn.

The latest round welcomed strategic investments from Sumitomo Corporation and Iberis Capital, further solidifying bolttech’s position as a rising force in the embedded insurance sector.

Sumitomo Corporation, one of Japan’s leading trading houses, not only joined as a strategic investor but also entered a joint venture with bolttech. The collaboration aims to launch embedded insurance programmes and a suite of end-to-end services across the Asian market, strengthening bolttech’s foothold in the region.

Portugal-based Iberis Capital, a prominent private equity and venture capital manager, also participated in the round. They join a roster of investors that includes Dragon Fund, Baillie Gifford, and Lion River (Generali), among others. The new capital injection is expected to accelerate bolttech’s mission to offer more personalised, accessible, and affordable insurance solutions on a global scale.

Sumitomo Corporation group CEO of Media & Digital Group Shinichi Kato said, “We are thrilled to join forces with bolttech – both as a strategic investor and through our joint venture. We are confident that this partnership will enable us to work closely with the bolttech team to drive growth and innovation across the Asia region.”

Echoing this sentiment, Iberis Capital partner Luís Quaresma said, “bolttech has emerged as a leading embedded insurtech player spanning a global footprint in a short amount of time. We are impressed by its tech capabilities, strategic vision for the future of insurance and its highly talented management team. We look forward to contributing to its next phase of growth, supporting the continued advancement of its unique solution.”

bolttech group chief executive officer Rob Schimek said, “We are delighted to welcome our newest strategic investors Sumitomo Corporation and Iberis Capital as we successfully close our Series C. This investment is a strong endorsement of our unique business proposition, reinforcing our commitment to enabling a better insurance experience for customers worldwide. We are excited to continue our journey to build the future of insurance, working towards our vision of connecting people with more ways to protect the things they value.”