Discover insurance with bolttech. This B2B2C Singaporean startup connects companies with insurance providers to insure thousands of consumers in Asia.

• Launched in 2020, they’ve quoted $55B in annualized premiums and connected over 700 global partners to 230 insurance providers.
• They work with Lazada, Samsung, LG, and more!

They just raised $196M in a Series B, which brings their total valuation to $1.6B!

• Extra Scoop: They hit unicorn status in just a year. 😳

Investor check. The round was led by Tokio Marine, a Japan-based insurance company, and Next Gen Ventures, a subsidiary of insurance giant, Metlife. Khazanah Nasional, Malaysia’s sovereign wealth fund, and other investors joined in!

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📳 All bases covered

Bolttech has flexible and customizable plans that lets businesses create and curate their insurance offerings. How? They’ve got licenses in Asia, Europe, and the US and their own tech that powers it!

• Always drop your phone? bolttech assesses phone damage, does repairs, and lets you switch devices from home.
• That’s not all. bolttech’s partners also offer travel, car, and home insurance–even COVID protection!

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🔍 What the future holds?

The new $$$ will be used to add AI and machine learning to their operations, hire new talent, and expand to global markets.  

• They’re also going to work on proprietary tech and find ways to improve their insurance distribution tech.