Funding round
bolttech Series A
bolttech, which works in embedded insurance platform development in Warsaw, raised $180M in a Series A round announced on 1 Jul 2021, led by Activant, at a $1.00B post-money valuation. 9 firms took part. It is bolttech's first venture round on record.
$180M
Amount raised
$1.00B
Post-money valuation
$820M pre-money
9
Investors
1 lead
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced bolttech at $1.00B after the new money. The $180M bought investors about 18% of the company. It is bolttech's first venture round on record, 1 year after it was founded in 2020. It is 34% of the $523M bolttech has raised in the venture rounds on record. bolttech raised again 22 months later: a Series B round of $196M in May 2023, at $1.60B post-money.
Investors
Who put money in
Activant led the round with 8 other firms.
Lead investor
- backs 48 venture-backed companies new investor
Also in the round
- Alpha Leonis Partners new investor
- Dowling Capital Partners new investor
- B. Riley Venture Capital new investor
- backs 11 venture-backed companies new investor
- BRV Capital Management new investor
- backs 7 venture-backed companies new investor
- J.A.S Ventures new investor
- B. Riley Wealth Management new investor
Joined the board: Richard Benson-Armer (Activant Capital Group).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,805 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 15 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Articulate Tech Companies | 1 Jul 2021 | $1.50B | $3.75B | General Atlantic |
| Entrata Tech Companies | 7 Jul 2021 | $507M | not disclosed | Silver Lake |
| Tech Companies | 27 Jul 2021 | $165M | not disclosed | Sequoia Capital |
| Tech Companies | 7 Jul 2021 | $100M | not disclosed | FTV Management Company |
| Truveta Tech Companies | 13 Jul 2021 | $95M | not disclosed | not named |
| Tech Companies | 5 Jul 2021 | $40M | not disclosed | RMBV |
| Tech Companies | 21 Jul 2021 | $35M | not disclosed | Translink Capital |
| Tech Companies | 21 Jul 2021 | $30M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did bolttech raise in its Series A round?
bolttech raised $180M in its Series A round, announced in Jul 2021.
Who led bolttech's Series A round?
Activant led it, with Alpha Leonis Partners, Dowling Capital Partners, B. Riley Venture Capital, Tarsadia and BRV Capital Management and 3 more.
What was bolttech's valuation at the Series A round?
$1.00B post-money ($820M pre-money).
How does it compare with other Series A rounds in Tech Companies?
1,805 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 15 times the median.
Did bolttech raise again after this round?
Yes: a Series B round in May 2023 of $196M at $1.60B post-money.