Sigo Seguros, an Austin, TX-based provider of a digital-first non-standard auto insurance brand eliminating extra fees, raised $20.5M in Series a funding.
The round was led by Varco Capital and return investor, Listen. Angeles Ventures and Flintlock Capital also participated as well as existing investors Zeal Capital Partners, Rise of the Rest, and Fiat Ventures.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Néstor Hugo Solari, Sigo Seguros is an insurtech company focused on providing auto insurance services for immigrant and working-class communities. It is committed to making insurance more accessible and affordable to everyone, particularly the Latino and Spanish-speaking population.
Sigo Seguros achieves this through its proprietary product launched in August 2021, a mobile app and web portal, which offers transparent pricing and easy-to-use features that cater to the unique needs of its customers.
FinSMEs
12/09/2024