Bolttech has wrapped up its Series C funding round with USD 147 million in total investments, bringing new investors into its cap table and reaffirming a USD 2.1 billion valuation. The Singapore-headquartered insurtech company said on June 4 that Sumitomo Corporation and Iberis Capital joined the round, expanding the geographic and sectoral breadth of its investor base.
Sumitomo, one of Japan’s largest trading houses, is also entering a joint venture with Bolttech to deliver embedded insurance offerings and related services across Asia. Lisbon-based Iberis Capital, meanwhile, is adding Bolttech to its portfolio of European and global technology investments, with a focus on embedded insurance infrastructure.
The new investors join existing Series C participants Dragon Fund (a partnership between Liquidity and MUFG), Baillie Gifford, and Generali’s Lion River. Their involvement was initially disclosed in December 2024, when Bolttech announced it had raised over USD 100 million. The final tally brings Bolttech’s total Series C proceeds to USD 147 million.
Bolttech, which reportedly operates in 37 markets across Asia, Europe, North America, and Africa, describes itself as a platform that connects insurers, distributors, and customers. Its API-based model enables the delivery of embedded insurance, integrating coverage into consumer journeys via digital channels and partner ecosystems.
Proceeds from the round will be used to strengthen the company’s technology platform and support its international expansion, according to a company statement. Bolttech also plans to enhance the personalization and accessibility of its insurance offerings.
“Bolttech has emerged as a leading embedded insurtech player spanning a global footprint in a short amount of time,” said Luis Quaresma, partner at Iberis Capital. “We look forward to contributing to its next phase of growth, supporting the continued advancement of its unique solution.”
Embedded insurance is gaining attention as financial services increasingly incorporate coverage into broader transactional experiences. Bolttech is one of several firms building white-labeled infrastructure that allows insurers and platforms to offer integrated protection at scale.
The latest capital injection represents a step toward expanding Bolttech’s global footprint and bolstering its position as a technology partner for embedded insurance. With backing from investors in Asia and Europe, the company is anchoring its strategy on collaboration, aiming to meet rising demand for simpler, tech-driven protection products across borders.