USA – Sigo Seguros, an Austin, TX-based insurtech startup focused on serving Latinx and immigrant communities, raised $5.4m in seed funding.
The round was co-led by Listen Ventures and Chingona Ventures with participation from Revolution’s Rise of the Rest Seed Fund, ERA’s Remarkable Ventures, Kern Venture Group, Edrizio De La Cruz, Co-founder of Arcus Financial, and existing investors Fiat Ventures and Newlin VC. The company intends to use the funds to expand operations and its business reach to enhnce access to equitable insurance for immigrant and working-class populations.Co-Founded by Nestor Hugo Solari, Julio Erdos, and Ivan Arambula in 2019, Sigo Seguros is an insurtech company actively serving Texas, with a mission to provide affordable auto insurance to the Spanish-speaking community. It delivers a fully bilingual mobile-first platform that simplifies the insurance experience. The company offers transparent prices without fees and biased rating factors and provides coverage for customers with foreign IDs or licenses. Sigo Seguros launched its inclusive auto insurance product in August 2021 and actively serves Texas, with plans to expand into more states in 2023. The company continues to grow with additional key hires: Vice President of Insurance Ashley Wilson and Senior Product Manager Luz Díaz, and will continue to hire for roles across insurance, technology, and business functions.07/04/2022
