LatAm List – Toronto-based Intact Ventures and São Paulo-based Redpoint Eventures invested 20% and 25% equity stakes in Brazilian startup Minuto Seguros, respectively. The tech startup is Brazil’s largest online insurance broker as well as its top auto insurance broker.
“Minuto Seguros has been able to drastically improve the way Brazilians consume insurance by making the process simpler to understand and easier for its customers to compare different coverage options, complete applications and renew their policies,” said Karim Hirji, Managing Director at Intact Ventures, in a recent press release.
Minutos Seguros’ funding now totals $60M, further financial details remain undisclosed.
Read more on LAVCA or on Minuto Seguros’ press release.
1 comment
45% dilution in one round? sound rare…