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Announced

Completed

Tokio Marine led a $247m Series B round in bolttech.

Financials

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Transaction Value£220m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Insurance Brokers

insurtech

Singapore

Private

Friendly

Acquisition

Cross Border

Single Bidder

Minority

Completed

Venture Capital

Synopsis

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Tokio Marine, an insurance holding company, led a $247m Series B round in bolttech, an insurtech company, with participation from Activant Capital, a global investment firm. “Securing a lead investor of Tokio Marine’s high caliber and esteem is strong validation of international investors’ belief in the resilience of bolttech’s business model, our long-term value proposition, and our role in shaping the future of insurance distribution. Tokio Marine will be a pivotal strategic partner as we continue to accelerate our growth strategy and global expansion,” Rob Schimek, bolttech CEO.

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