Bolt Development Center Ltd.

www.boltinc.com

Formerly SeaPass ; Now bolttech Israel

High-Tech Company

Acquired by Pacific Century Group

TECH VERTICALS

Artificial Intelligence, Data Analytics, FinTech, Insurtech

General Data

Sector	Enterprise Software & Infrastructure
Company Stage:	Revenue Growth
Established	2000
Number of Employees	130
Employees in Israel	95

DESCRIPTION

Bolt Solutions offers the leading online sales and client service platform for customers who want to sell or buy insurance online. The Bolt Platform supports all of the insurance needs of its customers, while driving market share, retention and increased revenue for its insurance industry partners.

TECHNOLOGY

Bolt's technology is based on a proprietary data transformation language developed by Bolt Solutions, which uses artificial intelligence and employs algorithms for multi-dimensional data transfer, alongside sophisticated connection pooling and connectivity technologies. All these provide Bolt with a unique end-to-end connectivity solution. Bolt recently created a fully owned subsidiary, which is the first of its kind online distributor of insurance products targeting the Small Business segment.

	TARGET MARKETS
	Insurance carriers, Agencies, Brokers, Wholesalers, Web Sites and other Insurance Service Providers.

	BUSINESS MODEL
	B2B

AFFILIATION

Account ID	Affiliation Type	Name	Parent Name	Status
1A8B4908-207A-E111-AC59-00155D32A403		Bolt Development Center Ltd.		Acquired/Merged
	Subsidiary	InSequor Israel Ltd.	Bolt Development Center Ltd.

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Accounting Firm
abC Defghij	Investment Bank

REMARKS

Date	Remark
01/01/2020	Following the acquisition by Pacific Century Group, bolttech.io was launched, with its R&D center located in Israel.

CONTACT INFO

Expand / Collapse All

Main Address: Petach Tikva, Israel

Address	25 Efal St., Amot Platinum Bldg., 13th Floor
City	Petach Tikva
Country	Israel
Zip	4951125

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: New York, United States

Address	90 Park Ave., Suite 1700
City	New York
State/Province	NY
Country	United States
Zip	10016

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Eric Gewirtzman	Co-Founder	BEA Ventures Management (Managing Partner)
Mr. Ari Katz	Co-Founder	BEA Ventures (Managing Partner)

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Dec. 01, 2018

Revenue Growth

abCDe

Acquired

Dec. 12, 2017

Revenue Growth

abCDe

Acquired

Feb. 19, 2013

Initial Revenues

abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

Expand / Collapse All

Round

Date

Stage

Amount

Valuation

Venture Lending

Feb. 01, 2011

Initial Revenues

abCDe

Third Round

Nov. 02, 2009

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe	Holdings sold to Actua (Formerly ICG Group).
abC Defghij	Venture Capital Fund	abCDe	Holdings sold to Actua (Formerly ICG Group).
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Holding Company	abCDe
abC Defghij	Other	abCDe
abC Defghij	Private Investor	abCDe	Led the round

Second Round

Aug. 20, 2006

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe	Holdings sold to Actua (Formerly ICG Group).
abC Defghij	Venture Capital Fund	abCDe	Holdings sold to Actua (Formerly ICG Group).; Round co-leader
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Other	abCDe	Round co-leader

Venture Lending

Sep. 28, 2004

Initial Revenues

abCDe

First Round

Sep. 28, 2004

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe	Holdings sold to Actua (Formerly ICG Group).
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe	Led the round

Seed

Nov. 09, 2001

Seed

abCDe

Last Updated:	abCDe
IVC Number:	abCDe