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Insurtech bolttech valued at $1.6 bn after raising $196m in Series B round

May 17, 2023

International insurtech bolttech is now valued at $1.6 billion after raising $196 million in its Series B round, led by Japanese insurer Tokio Marine.

Other key investors included MetLife Next Gen Ventures, a MetLife subsidiary, and Malaysia’s sovereign wealth fund Khazanah Nasional, as well as new and existing shareholders.

The proceeds of the Series B to further fuel growth, including investments in proprietary technology, digital capabilities for business partners and end consumers as well as talent across bolttech’s 30+ markets, the insurtech stated.

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