BOLT Solutions Overview
BOLT Solutions provides digital distribution solutions to the property and casualty (P&C) insurance industry. The company helps insurers transform the way they sell and market their products to consumers and business owners. Compatible with existing infrastructure, the BOLT platform provides a single interface that connects seamlessly with back-office systems and improves carrier reach through a vast market network of P&C insurance products. BOLT enables insurers to bundle their offerings with those from other carriers, positioning them to meet all of their customers needs without taking on additional risk. BOLT Solutions was a winner in the 2017 ACQ5 Global Awards, hosted by ACQ Magazine and the ACQ5 portal, for its intimate knowledge and expertise in the insurance technology and P&C insurance industry. In April 2017, BOLT was acquired by Actua Corp and later transferred to CVC Capital Partners, a growth fund company in the United States.
Cumulative Funding Raised Over Time ($)
$11.5MAug 2006
$13.5MJul 2004
$30.8MOct 2009
$31.8MSep 2004
$35.5MSep 2004
Latest News
growth-positive
BOLT® Solutions, Inc. Announces $2.1 Billion in Active Premiums Through the BOLT Platform™
BOLT Solutions, Inc. has reported crossing $2.1 billion in active premiums through the BOLT Platform in the first quarter of 2019. The companys CEO, Eric Gewirtzman, stated that this milestone is significant as it demonstrates the platforms ability to enable an ecosystem of product collaboration across multi-channel, multi-company solutions. The BOLT digital platform brings together sales center, direct-to-consumer, and agent distribution models on a single platform, offering greater competitiveness in the insurance industry. The number of active users has driven much of the companys momentum, with power users growing by 59 percent in the first quarter. BOLT Solutions will be showcasing its newest platform product, BOLT X, at the DigIn conference.
CustomersExpand
growth-positive
Actua to Sell Stake in BOLT Solutions
Actua Corporation has entered into agreements to sell its majority-owned businesses for a total of $549 million in cash. The buyer of VelocityEHS and BOLT Solutions is CVC Growth Fund. The sale is seen as a positive for the companys growth.
Acquisition
growth-positive
Actua Announces Successful Completion of Sale of VelocityEHS and Bolt Solutions - Actua
Actua Corporation has completed a transaction with CVC Growth Fund, where CVC Growth indirectly acquired Actuas interests in VelocityEHS and Bolt Solutions. Actua realized proceeds of approximately $328 million in cash from the transaction. The transaction is expected to have a positive impact on Actuas growth. VelocityEHS is a leading global provider of cloud-based environment, health, and safety software, while Bolt Solutions is a provider of digital distribution solutions to the P&C insurance industry. CVC Growth Fund focuses on equity investments in middle-market, high-growth companies in the software and technology-enabled business services sector.
Acquisition
growth-positive
Actua Acquires BOLT Solutions
Actua, a multi-vertical cloud company, is pioneering the vertical wave of the SaaS revolution. With approximately 700 employees, Actuas rapidly growing vertical cloud businesses are transforming their markets. In 2013, Actua made an add-on acquisition in the software sector. The companys previous deal in 2009 was the acquisition of GovDelivery, a cloud-based platform for government digital communication solutions. In 2014, Actua acquired FolioDynamix, a provider of technology solutions for advisory services, for $199 million.
Acquisition
growth-positive
PNV fund invests $2m in insurance software co SeaPass
Tel Aviv-based start-up SeaPass has received a $2 million investment from Platinum Neurone Ventures (PNV) in its second financing round. SeaPass develops software for the insurance industry, allowing insurance agents to connect with multiple insurance companies and gather information and quotes without altering their computer systems. The technology saves time by connecting to several sites simultaneously. SeaPass has already installed its technology at some of the largest insurance companies and agencies in the US. The company was founded in Tel Aviv in February 2000 and has its headquarters in New York. SeaPass currently has 60 employees.
Investment
| Sector | Fintech & Insurtech |
Funding
| Total funding | $34.49M |
| Last funding | $17.29M |
| Stage | Acquired |
| Rounds | 5 |
| Investors | 6 |
Team Members
2
Employees: 201-500
Web & Social Links
| Website | bolttech.io |
| Careers | Careers page |
Locations
Ef'al St 25, Petah Tikva, Israel
100 Park Ave, New York, NY, USA
Photos & Videos
No files yet
BOLT Solutions Business
Business models
B2B
Product stage
Released
Employees
201-500
Sector
Fintech & InsurtechInsurtechTarget Customer
Financial ServicesFinancial ProductsInsuranceCore Technology
Platforms & InterfacesWebSoftwareTags (7)
insurance-companiessaasweb-applicationfintechcomplianceenterprise-solutionsinsurtechGeographic Markets
United StatesBOLT Solutions Financials
$34.49M
Total funding
Undisclosed
Capital raised
$17.29M
Last funding
Acquired
Funding stage
5
Total rounds
6
Investors
Cumulative Funding Raised Over Time ($)
$11.5MAug 2006
$13.5MJul 2004
$30.8MOct 2009
$31.8MSep 2004
$35.5MSep 2004
Private Equity Funding
D Round
Oct 2009
$17.29M
Apropos IT Ventures, Dolphin Equity Partners, Hyperion Israel Venture Partners
C Round
Aug 2006
$11.5M
Platinum Neurone Ventures (PNV), Dolphin Equity Partners, Apropos IT Ventures, Hyperion Israel Venture Partners, IA Capital Group
Debt Financing
Sep 2004
$1M
Viola Credit
B Round
Sep 2004
$3.7M
Platinum Neurone Ventures (PNV), Hyperion Israel Venture Partners
A Round
Jul 2004
$2M
Platinum Neurone Ventures (PNV) (Lead)
Public Offering / Exit
MNAEvent
Apr 2013
$199M
BOLT Solutions Lifecycle
Cumulative Funding Raised Over Time
$11.5MAug 2006
$13.5MJul 2004
$30.8MOct 2009
$31.8MSep 2004
$35.5MSep 2004
All Events
D Round
Oct 2009
$17.29M
Apropos IT Ventures, Dolphin Equity Partners, Hyperion Israel Venture Partners
C Round
Aug 2006
$11.5M
Platinum Neurone Ventures (PNV), Dolphin Equity Partners, Apropos IT Ventures, Hyperion Israel Venture Partners, IA Capital Group
Debt Financing
Sep 2004
$1M
Viola Credit
B Round
Sep 2004
$3.7M
Platinum Neurone Ventures (PNV), Hyperion Israel Venture Partners
A Round
Jul 2004
$2M
Platinum Neurone Ventures (PNV) (Lead)
MNAEvent
Apr 2013
$199M
BOLT Solutions News
5 articles
growth-positive
BOLT® Solutions, Inc. Announces $2.1 Billion in Active Premiums Through the BOLT Platform™
BOLT Solutions, Inc. has reported crossing $2.1 billion in active premiums through the BOLT Platform in the first quarter of 2019. The companys CEO, Eric Gewirtzman, stated that this milestone is significant as it demonstrates the platforms ability to enable an ecosystem of product collaboration across multi-channel, multi-company solutions. The BOLT digital platform brings together sales center, direct-to-consumer, and agent distribution models on a single platform, offering greater competitiveness in the insurance industry. The number of active users has driven much of the companys momentum, with power users growing by 59 percent in the first quarter. BOLT Solutions will be showcasing its newest platform product, BOLT X, at the DigIn conference.
CustomersExpand
growth-positive
Actua to Sell Stake in BOLT Solutions
Actua Corporation has entered into agreements to sell its majority-owned businesses for a total of $549 million in cash. The buyer of VelocityEHS and BOLT Solutions is CVC Growth Fund. The sale is seen as a positive for the companys growth.
Acquisition
growth-positive
Actua Announces Successful Completion of Sale of VelocityEHS and Bolt Solutions - Actua
Actua Corporation has completed a transaction with CVC Growth Fund, where CVC Growth indirectly acquired Actuas interests in VelocityEHS and Bolt Solutions. Actua realized proceeds of approximately $328 million in cash from the transaction. The transaction is expected to have a positive impact on Actuas growth. VelocityEHS is a leading global provider of cloud-based environment, health, and safety software, while Bolt Solutions is a provider of digital distribution solutions to the P&C insurance industry. CVC Growth Fund focuses on equity investments in middle-market, high-growth companies in the software and technology-enabled business services sector.
Acquisition
growth-positive
Actua Acquires BOLT Solutions
Actua, a multi-vertical cloud company, is pioneering the vertical wave of the SaaS revolution. With approximately 700 employees, Actuas rapidly growing vertical cloud businesses are transforming their markets. In 2013, Actua made an add-on acquisition in the software sector. The companys previous deal in 2009 was the acquisition of GovDelivery, a cloud-based platform for government digital communication solutions. In 2014, Actua acquired FolioDynamix, a provider of technology solutions for advisory services, for $199 million.
Acquisition
growth-positive
PNV fund invests $2m in insurance software co SeaPass
Tel Aviv-based start-up SeaPass has received a $2 million investment from Platinum Neurone Ventures (PNV) in its second financing round. SeaPass develops software for the insurance industry, allowing insurance agents to connect with multiple insurance companies and gather information and quotes without altering their computer systems. The technology saves time by connecting to several sites simultaneously. SeaPass has already installed its technology at some of the largest insurance companies and agencies in the US. The company was founded in Tel Aviv in February 2000 and has its headquarters in New York. SeaPass currently has 60 employees.
Investment
BOLT Solutions Team
Employee Info
| Employees (range) | 201-500 |
| Exact count | 448 |
| Team members | 2 |
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BOLT Solutions Internal
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Admin Info
| Confidence | 90/100 |
| Missing | video or image, markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 512914805 |
| Crunchbase | bolt-solutions |
| Phone | 1800216 4171 |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2023-03-14T00:00:00.000Z |
| Created | 2014-11-06T00:00:00.000Z |
| Status detail | Acquired by Actua Corp.; CVC Capital Partners on Apr, 2013 |