TLDR:
- Akad Seguros, a digital insurance company based in São Paulo, Brazil, raised US$22.5M in Series A funding.
- The round was led by Valor Capital Group, with participation from Across, Endeavor Scale-Up Ventures, Endeavor Catalyst, and Actyus.
Akad Seguros, led by CEO Danilo Gamboa, focuses on property risks, financial lines, protection for cyclists, and service providers. Recently authorized by the Superintendence of Private Insurance to operate in the personal insurance business, the company plans to expand its range of products and solutions. The funding will be used to enhance operations and development efforts, with a focus on using technology to improve service quality for partners and brokers. Gamboa expressed enthusiasm about the growth potential with the support of experienced investors. Akad Seguros aims to leverage technology for exponential growth and customer satisfaction.
