Funding round
bolttech Series B
bolttech, which works in embedded insurance platform development in Warsaw, raised $196M in a Series B round announced on 17 May 2023, led by Tokio Marine, at a $1.60B post-money valuation. 3 firms took part, 1 of them already investors. It is bolttech's second venture round on record; the one before was a Series A in Jul 2021.
$196M
Amount raised
$1.60B
Post-money valuation
$1.40B pre-money
3
Investors
1 lead
1.6x
Step-up from the Series A
$1.00B in Jul 2021
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced bolttech at $1.60B after the new money, 1.6 times the $1.00B of its Series A (Jul 2021). The $196M bought investors about 12% of the company. It came 22 months after bolttech's Series A. It is 37% of the $523M bolttech has raised in the venture rounds on record. bolttech raised again 25 months later: a Series C round of $147M in Jun 2025, at $2.10B post-money.
Investors
Who put money in
Tokio Marine led the round with 2 other firms. Tokio Marine had backed bolttech before.
Lead investor
- Tokio Marine existing investor
Also in the round
- MetLife Next Gen Ventures new investor
- backs 12 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
629 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 7.5 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 31 May 2023 | $35M | not disclosed | Institutional Venture Partners |
| Tech Companies | 24 May 2023 | $32M | not disclosed | Endeit |
| Tech Companies | 3 May 2023 | $30M | not disclosed | Iron Pillar and Uncorrelated Ventures |
| Tech Companies | 31 May 2023 | $28M | $250M | New Enterprise Associates |
| Tech Companies | 23 May 2023 | $25M | $425M | Cercano Management |
| Tech Companies | 2 May 2023 | $25M | not disclosed | Threshold and Monograph Capital |
| Tech Companies | 4 May 2023 | $23M | not disclosed | Ten Coves Capital |
| Tech Companies | 31 May 2023 | $20M | not disclosed | Noro-Moseley Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did bolttech raise in its Series B round?
bolttech raised $196M in its Series B round, announced in May 2023.
Who led bolttech's Series B round?
Tokio Marine led it, with MetLife Next Gen Ventures and Khazanah Nasional.
What was bolttech's valuation at the Series B round?
$1.60B post-money ($1.40B pre-money).
How does it compare with other Series B rounds in Tech Companies?
629 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 7.5 times the median.
Did bolttech raise again after this round?
Yes: a Series C round in Jun 2025 of $147M at $2.10B post-money.