LeapFrog joins insurance tech venture Bolttech’s $246 million equity round

ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, September 25 – Singapore-based Bolttech’s insurance exchange connects businesses to more than 6,000 insurance products from 230 companies in North America, Europe and Asia. End users of the products include roughly 2,000 emerging market consumers seeking mobile phone protection and other small coverage products.

LeapFrog invested $50 million in Bolttech’s $246 million Series B round to help the company deepen its customer base of lower-income and emerging consumers.

“There is so much to be done to close the protection gap, particularly in emerging Asia, Latin America and Africa,” said LeapFrog’s Fernanda Lima, who is joining bolttech’s board.