Anthony R. O’Donnell // May 17, 2023 
(Image credit: Shutterstock.)
bolttech (Singapore) has announced that it has raised US$196 million in connection with its Series B with an up-round valuation of US$1.6 billion. The round was led by Tokio Marine (Tokyo). Other key investors include MetLife (New York) through its subsidiary MetLife Next Gen Ventures, Malaysia’s sovereign wealth fund Khazanah Nasional, as well as new and existing shareholders.
bolttech says it will use the proceeds of the Series B to further fuel its organic growth, including investments in proprietary technology, digital capabilities for business partners and end