Bolttech's $147M Series C Fuels Growth in Embedded Insurance Technology
If you're searching for how embedded insurance works, why it's trending, or which companies are leading the embedded insurtech revolution, Bolttech is a name you need to know. The Singapore-based insurtech platform just closed a $147 million Series C funding round, valuing the company at $2.1 billion, and reaffirming its position as one of the top players in the booming embedded insurance market. This round further accelerates its global expansion and strengthens its AI-powered insurance technology. With over 700 distribution partners and 230+ insurers on board, Bolttech is bridging the gap between traditional insurance and the modern digital purchase experience.
What Is Embedded Insurance — And Why Is Bolttech Dominating It?
Embedded insurance is the seamless integration of protection products into digital transactions — think travel insurance offered when booking a flight or device coverage at checkout for a new phone. Bolttech enables companies to deliver these high-margin, value-added services precisely when customers are most likely to buy. By offering end-to-end insurance technology solutions, the company helps brands monetize checkout moments and increase customer lifetime value without building insurance platforms from scratch.
This model is driving higher conversion rates, lower acquisition costs, and greater profitability, making it attractive to both brands and investors — especially in verticals like e-commerce, electronics, automotive, and financial services.
Bolttech's Series C Funding Round: Who’s Investing and Why?
The Series C round includes major global investors such as Sumitomo Corporation, Iberis Capital, Baillie Gifford, and Generali, with initial backing led by Dragon Fund. This fresh injection of capital isn't just a vote of confidence—it's a strategic push to fuel Bolttech's R&D, enhance its AI-driven data analytics, and scale its operations in high-growth markets like Asia, Africa, and North America.
As part of the round, Bolttech is also launching a joint venture with Sumitomo to deliver embedded insurance solutions across Asia, where demand for digital-first financial products continues to surge. This aligns with macro trends in digital transformation and financial inclusion, particularly in emerging markets.
Growth Metrics: Is Bolttech Keeping Up?
While Bolttech hasn’t significantly increased its number of insurers and distribution partners since its Series B in 2022, its business metrics continue to scale. The company reports $60 billion in annualized quoted premiums as of April 2025 — up from $55 billion in mid-2023. This growth underscores rising consumer adoption of embedded insurance and the effectiveness of Bolttech's B2B2C model.
Competitive Landscape: Collaborating to Close the Protection Gap
Bolttech operates in a rapidly expanding insurtech ecosystem, competing with startups like Qover, Neat, and Synctera, as well as traditional insurers going digital. However, CEO Rob Schimek emphasizes a philosophy of coopetition, advocating for industry-wide collaboration to address the global insurance protection gap—estimated in the trillions of dollars.
Its robust partnerships with major global brands like Samsung, Apple, AXA, Allianz, Progressive, and Orange allow Bolttech to offer hyper-relevant insurance solutions to millions of customers at scale.
What's Next for Bolttech?
The company plans to double down on its insurtech innovation, particularly in AI, machine learning, and data personalization, helping partners optimize pricing, underwriting, and user experience. Expansion into high-growth insurance markets in Africa and North America will also be a priority, driven by rising smartphone penetration and growing demand for digital financial services.
Bolttech’s Series C funding highlights growing investor confidence in the embedded insurance space, and positions the company as a global leader in AI-powered insurtech solutions.
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