INFOGRAPHIC: Top Asian Startup Funding — Week 52
These are the funding deals we tracked in the Asian region this week – featuring Bolttech, Mindgrove, Univest, Freshket, and Proxgy.
- Singapore’s Bolttech raised $100 million in Series C to expand its insurtech platform globally and innovate embedded insurance solutions.
- Univest obtained $10 million in Series A to enhance its wealthtech platform and democratize access to investment insights.
- Chennai-based Mindgrove Technologies secured $8 million in Series A to launch its Secure IoT microcontroller SoC and scale its engineering capabilities.
- Thailand-based Freshket raised $8 million to streamline the restaurant supply chain and expand its partnerships with food suppliers.
- Gurugram’s Proxgy secured $3 million in Series A to scale its IoT-based industrial safety and productivity solutions.
Bolttech Secures $100 Million in Series C to Expand Global Insurtech Solutions
Singapore-based Bolttech has raised $100 million in a Series C funding round led by Dragon Fund and supported by Liquidity Group and Mitsubishi UFJ Financial Group (MUFG). The round also saw participation from Baillie Gifford and Generali's private equity arm, Lion River.
Bolttech operates a global digital platform that connects insurers, distributors, and customers across more than 35 markets. The company specializes in embedded insurance solutions, enabling seamless integration of insurance products into customer purchase journeys.
The new funding will be used to enhance Bolttech's platform capabilities, accelerate its global expansion, and drive innovation in its technology-enabled ecosystem. CEO Rob Schimek noted that the investment will strengthen the company’s mission of making insurance more accessible and cost-effective.
