|Investor||Activant Capital Group|
bolttech 180M 1B LeeReuters
Insurtech company, bolt tech raised $180 million led by Activant Capital Group in a series A fundraising round. The round was held on a $1 Billion valuation co-participated by Tony Fadell, Alpha Leonis Partners, and Riley Venture Capital.
CEO Rob Schimek said that bolt tech offers a complete solution for digital capabilities for power distribution between customers, distributors, and insurers. Moreover, bolt tech raised funds for the R&D of our software so they accelerated growth.
Also, read Indian INDmoney 75M Series
Bolt tech offers insurance that transacts $5 billion, providing a safe gateway. Also, they have built a platform that serves 7.7 million customers across the globe.