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Li-Backed Unicorn Bolttech Said to Seek $300 Million in Funding

  • Startup working with financial advisers on new financing round
  • Fintech also weighing potential listing in U.S. or Asia later
Richard Li

Richard Li

Photographer: Paul Yeung/Bloomberg

Bolttech, an insurance technology unicorn backed by Hong Kong billionaire Richard Li, is considering raising $200 million to $300 million in fresh funds this year, according to people familiar with the matter.

The Singapore-based company is working with financial advisers and a formal funding round may kick off later this year, the people said, asking not to be identified because the information is private. It plans to use the proceeds for expansion, they said.