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Ohio-based insurtech provider Bold Penguin raises $32M in funding round

Columbus, Ohio-based commercial insurance technology provider Bold Penguin has closed a $32 million series B funding round.

The participants included Hudson Structured Capital Management Ltd., Lightstone, Guggenheim Insurance, Lockton, current investors, and individuals from Stone Point Capital LLC.

The completion of the financing round brings the company's total capital raised to date to more than $50 million. The additional capital will be used to boost growth in engineering, Bold Penguin said.