Bolttech closes Series C at $147M with a $2.1B valuation to bolster its embedded insurance offerings

For many companies selling ancillary services or products (think insurance), the biggest problem when selling online is having their offering be surfaced at the right moment in the customer’s purchase journey — exactly when the customer’s most likely to spend that extra dollar to sweeten the deal. With more and more shopping moving online, companies that make this possible by connecting service providers with distributors of products are understandably seeing an uptick in interest, both from customers and investors. One such company, Singapore-based Bolttech, which acts as the connective tissue between insurers, distributors and their target customers, said on Wednesday it has closed a $147 million Series C round of funding at a $2.1 billion valuation. The news comes six months after the company disclosed the first close of its Series C, around $100 million, led by Dragon Fund with participation from Baillie Gifford, Generali and other investors. Japanese conglomerate Sumitomo Corpor ... Read full article.