INFOGRAPHIC: LatAm's Top Weekly Startup Funding — Week 15
Here are the venture funding activities we tracked in the Latin American region this week – Akad, InstaCarro, Nymiz, Radar and Investidores.vc.
- Brazilian insurtech Akad raises $22.5M to offer more robust solutions for insurance brokers.
- InstaCarro secures $10.8M to improve its Direct-to-Reseller (D2D) operation.
- Nymiz raised $3M to strengthen its workforce and expand its global presence.
- Chilean fintech Radar raises $1.5M to expand its engineering team in Chile and Mexico.
- Investidores.vc secures $493K to consolidate itself as a complete ecosystem for investors.
Brazilian Insurtech Akad Raises $22.5M to Offer More Robust Solutions for Insurance Brokers
- Brazilian insurtech Akad has raised $22.5M in a Series A round led by Valor Capital Group and Across Capital. Other notable investors include Actyus, Endeavor Catalyst, and Endeavor Scale-Up Ventures.
- Akad utilizes AI and machine learning to provide a range of B2B insurance products and services. The company aims to make processes more efficient and agile by automating various manual tasks that are currently handled through phone calls and paper forms. In 2023, Akad closed with over 300,000 new policies issued and gross premiums exceeding $180 million.
- Akad plans to use the funds to offer more robust solutions for insurance brokers and partners by utilizing AI and machine learning.
