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.
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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.
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.