Asian Tech Press (SEP 22) -- Singapore-based insurtech unicorn bolttech has expanded its recently announced US$180 million Series A funding round, bringing the total amount of the round to US$210 million.

The previous round was led by Activant Capital Group and now adds two new strategic investors, Singapore-based global investor EDBI and Spain's Alma Mundi Insurtech Fund (Mundi Ventures).

bolttech says the entry of these new strategic investors will also help strengthen its presence in Southeast Asia, Europe, and other existing markets as the business accelerates its international growth strategy.

Launched in 2020, bolttech is a high-growth international insurtech business that supports the connection between insurers, distributors, and customers, making buying and selling insurance and protection products more accessible and efficient through a full suite of digital and data-driven capabilities.