Announced
Completed
Financials
Sources
Tags
Insurance Brokers
insurtech
Singapore
Private
Friendly
Acquisition
Cross Border
Single Bidder
Minority
Completed
Venture Capital
Synopsis
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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