Singapore-based insurtech company Bolttech has closed a Series C funding round, raising $147 million and reaching a valuation of $2.1 billion. The capital injection aims to enhance Bolttech's embedded insurance offerings. This funding milestone reflects the broader trend in the insurtech sector, which attracted $35 billion in investments in 2024. Separately, another insurtech startup, Empty Vessel, secured $11 million in its Series A funding round.