Deal Announcement July 2021

The partnership of two fast-growing insurtechs will supercharge bolttech’s international growth strategy following its recent largest-ever series A for an insurtech

i-surance is a leading provider of B2B2C services in the IaaS space in Europe. Founded in 2012, the Company enables retailers and insurance companies to attach insurance products to sales of consumer products such as mobile phones or hearing aids. i-surance’s market leadership in protection products for hearing aids, eyewear, as well as electronics, optics, tyres and cyber risks will complement bolttech’s growing European presence to jointly drive innovation and increase speed to market. i-surance founder Dr. Jens Schädler will remain with the business.

Launched in 2020, bolttech is an international insurtech with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance. With over 1’400 employees, Bolttech serves over seven million customers on 3 continents and cooperates with over 700 distribution partners globally.

The transaction accelerates bolttech’s ambition to continue to grow internationally and follows its recent successful closing of the largest Series A funding round in the history of insurtechs which gave the company unicorn status. Combining the operations of i-surance with bolttech Europe’s operations expands the business’ digital insurance capabilities and broadens bolttech’s footprint in the region.

Role of Capital Concepts International AG (CCI)

CCI acted as exclusive M&A Advisor to the founder, shareholders and management of i-surance in the preparation, negotiation and execution of the sales process.

About CCI

CCI is an independent corporate finance advisory firm founded in 1999 advising on medium sized transactions with a focus on German-speaking Europe.

CCI has an established track record advising well-known privately held and publicly quoted companies as well as entrepreneurs.

Closing

July 2021

 

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