bolt tech Secured over $100 million in Series C funding led by. dragon fundwith participation from bailey gifford and Generali Lion River. This latest round values the global insurtech company at US$2.1 billion.
The funds will be used to enhance Volttech’s platform capabilities. This will help expand the company’s global market presence and drive innovation in embedded insurance.
Embedded insurance integrates coverage into the purchasing process and provides a more convenient alternative to traditional models. With operations in 35 markets, Volttech connects insurers, distributors and customers through customized solutions.
Aakash Tursani, Managing Director of Dragon Fund, highlighted Volttech’s success in addressing the $70 billion global embedded insurance market.
As a result, Group CEO Rob Simek said the investment furthers the company’s mission to leverage technology to simplify insurance and improve the customer experience.
The Series C funding builds on Volttech’s previous successful rounds, which established a strong growth foundation. Support from investors such as Baillie Gifford and Generali confirms confidence in the company’s vision. Generali’s support through its Lion River investment arm and Baillie Gifford’s recognition of its long-term potential underpins Volttech’s innovative approach.
Looking to the future, Volttec plans to deepen its presence in existing markets and explore new opportunities in untapped regions. Volttech aims to reshape the insurance industry globally by focusing on accessibility and affordability.
The Series C funding round achieved by Volttech is a pivotal step and sets the stage for the company to continue driving change in the evolving insurtech space.
Featured image credit: Edited from freepic
