Sigo Seguros, an Austin, TX-based insurtech startup targeted on serving Latinx and immigrant communities, raised $5.4m in seed funding.
The spherical was co-led by Hear Ventures and Chingona Ventures with participation from Revolution’s Rise of the Relaxation Seed Fund, ERA’s Exceptional Ventures, Kern Enterprise Group, Edrizio De La Cruz, Co-founder of Arcus Monetary, and current buyers Fiat Ventures and Newlin VC.
The corporate intends to make use of the funds to broaden operations and its enterprise attain to enhnce entry to equitable insurance coverage for immigrant and working-class populations.
Co-Based by Nestor Hugo Solari, Julio Erdos, and Ivan Arambula in 2019, Sigo Seguros is an insurtech firm actively serving Texas, with a mission to offer inexpensive auto insurance coverage to the Spanish-speaking neighborhood. It delivers a totally bilingual mobile-first platform that simplifies the insurance coverage expertise. The corporate presents clear costs with out charges and biased ranking components and gives protection for purchasers with international IDs or licenses.
Sigo Seguros launched its inclusive auto insurance coverage product in August 2021 and actively serves Texas, with plans to broaden into extra states in 2023. The corporate continues to develop with further key hires: Vice President of Insurance coverage Ashley Wilson and Senior Product Supervisor Luz Díaz, and can proceed to rent for roles throughout insurance coverage, expertise, and enterprise capabilities.
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