Singapore's bolttech, valued at $2.1 billion, raises over $100 million


FILE PHOTO: View of the central business district in Singapore January 27, 2023. REUTERS/Caroline Chia/File Photo

SINGAPORE (Reuters) - Singapore-headquartered insurance technology firm bolttech has raised more than $100 million in its latest funding round, led by Dragon Fund of Mitsubishi UFJ Financial Group and fintech direct lender Liquidity Group, it said on Friday.

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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

TSMC says some facilities evacuated after quake
Analysis-Waymo's San Francisco outage raises doubts over robotaxi readiness during crises
Apple, Google and others tell some foreign employees to avoid traveling out of the country
Opinion: Apple’s leadership exodus isn’t a crisis. It’s just smart transition planning
Opinion: AI is getting dangerously good at political persuasion
Cybersecurity experts warn that this browser extension is selling your chats with ChatGPT
New York to require social media platforms to display mental health warnings
Atos to sell Latin American businesses to Brazil's Semantix
Toys are talking back thanks to AI, but are they safe around kids?
Tesla faces NHTSA probe over Model 3 emergency door handles

Others Also Read