How Magma Partners Thinks about InsurTech in Latin America
We’ve reviewed hundreds of insurance tech businesses since starting Magma Partners in 2014 and have made it a…
XP Inc. acquires Brazilian insurance startup DM10
LatamList – XP Inc., a Brazilian VC fund, acquired DM10, an insurance marketplace, for an undisclosed amount. The…
Zenda.la launches into the Mexican market
LatamList – Zenda.la, a health insurtech, launched in Mexico to bring health insurance to the estimated 20 million…
Jooycar raises $700K with HCS Capital to expand into the US
LatamList – Jooycar, a Chilean insurtech, raised $700K from HCS Capital for expansion into the US auto insurance…
Mexican fitness startup Journey launches insurance feature
LatAm List – Journey, the Mexican fitness startup, recently launched a new sports insurance feature as part of…
Magma Partners launches $50M fund to invest in early-stage LatAm startups
LatAm List – Magma Partners, an early-stage investment firm with offices in Colombia, Mexico, and Chile launched its…
Why are Latin Americans still underinsured?
Latin America’s insurance penetration rate hovers around 2.7%, well below the global rate of 6.5%. In the US,…
5 Trends We Saw in Latin American Insurtech in 2019
Latin America was the world’s second-fastest-growing insurance market in 2019, according to McKinsey. The local market grew by…
Brazilian insurtech Pitzi valued at $100M
LatAm List – Pitzi is a Brazilian insurtech that powers some of Brazil’s largest smartphone insurance programs. With…
Redpoint Eventures and Intact Ventures invested 20% and 25% stakes in Minuto Seguros
LatAm List – Toronto-based Intact Ventures and São Paulo-based Redpoint Eventures invested 20% and 25% equity stakes in…