Brazilian insurtech 180 Seguros raised $6.4M in equity and $2.8M in debt in a pre-Series B round. 8VC, Monashees, Canary, and FJ Labs participated in the round.
180 Seguros provides an embedded insurance platform that enables companies to create, distribute, and manage customized insurance products through APIs.
“Banks already sell insurance from traditional insurers. But they have difficulty scaling while maintaining the same level of service they have with other products. Traditional insurers cannot, for example, raise multiple prices to do A/B testing. We have more than 200 different prices for them to do these tests. We also allow customer tracking, NPS monitoring, and the number of calls. We give all the tools to manage the operation,” said 180 Seguros’ co-founder and CEO Mauro Levi D’Ancona.
180 Seguros will use the funds to strengthen its regulatory capital, accelerate growth, and invest in artificial intelligence.
Founded in 2020,180 Seguros has raised $50M to date.
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