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Bolttech has raised $100m in funding. Insurtech's valuation has risen to $2.1bn

The Dragon Fund led the Series C funding round and also included, among others, Baillie Gifford and Generali

Insurtech bolttech, which operates globally and is also present in Poland through the acquisition of Digital Care and Luxtrade, has announced that it has raised funding for further development. Investors have decided to provide it with more than $100 million, increasing the insurtech's valuation to $2.1 billion.

See also: Instant transfers already account for 20 percent of retail transactions

The Series C funding round was led by Dragon Fund, with others involved, including Baillie Gifford and Generali (through Lion River). The new investment will serve the company's strategy for further global expansion.

Bolttech is an insurtech focused on embedded insurance. It is developing a platform for distributing such projects - connecting insurers, distributors, and customers interested in covering the items they buy.

See also: New payment card with a credit limit from Żabka? The company is analyzing the design of the new service

It is also worth noting that the Polish-Finnish startup Iceye has also boasted of raising funding in recent days. Investors entrusted it with an additional $65 million to extend its April funding round, in which the entity raised $93 million. Iceye is the operator of a network of satellites taking images of the Earth's surface. The data it collects from it is used by, among others, the insurance industry.

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