The Series C funding round valued the company at $2.1 billion and the investment will be used for further global growth strategy, bolttech said in the statement.
That is 31.3% higher than the $1.6 billion disclosed in its previous Series B funding round in May 2023.
Founded in 2020, bolttech operates a digital platform where insurers, distributors and customers buy and sell insurance and protection products in more than 35 markets across North America, Asia, Europe and Africa, according to its website.
Other investors in the latest funding round include UK investment management firm Baillie Gifford and insurer Generali's private equity arm Lion River, the statement said.
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