Sigo Seguros, an InsurTech startup determined to close the insurance gap within Latinx and immigrant communities, has raised $5.4m in its seed funding round.
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.
Sigo Seguros is an InsurTech company actively serving Texas, with a mission to provide affordable auto insurance to the Spanish-seeking community.
This announcement comes just 10 months after the company completed its pre-seed financing for $1.5m.
Néstor Hugo Solari, co-founder and CEO of Sigo Seguros, said, “This financing positions us to rapidly increase access to equitable insurance for immigrant and working-class populations.”
Rick Desai, managing partner and head of investments at Listen Ventures, added, “Sigo Seguros has built an insurance product that understands the pain points of Hispanic working-class drivers. Their approach to underwriting, removing predatory tactics and fees, and the mobile-first solution undoubtably puts this consumer population first. Listen is grateful to be a part of their mission for better access to all working-class communities.”
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