Sigo Seguros, a Texas-based insurtech company that focuses on providing auto insurance services for immigrant and working-class communities, announced it has raised an additional $5.1 million in its pre-Series A funding round.
The investment round was co-led by Zeal Capital Partners and Listen Ventures with participation from existing investors Chingona Ventures, Revolution’s Rise of the Rest, Fiat Ventures, and Remarkable Ventures.
The funding will be used to continue its rapid pace of growth, expand customer-facing technology, and continue digitizing the underwriting process, Sigo Seguaros said.
Based in Austin, Sigo Seguros offers auto insurance to immigrant and working-class drivers, starting with Latino and Spanish-speaking communities. Its bilingual, mobile-first platform eliminates additional fees and rating factors like credit score and employment.
Sigo Seguros launched its proprietary product in August 2021. The company said it exceeded its sales from the previous year in just the first half of 2023, and plans to double its team by the end of the year.
Topics InsurTech Mergers & Acquisitions Texas Tech
Was this article valuable?
Here are more articles you may enjoy.
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices 
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
Travelers: Aging Workforce, New Employees Drive Complexity in Injury Claims 
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
