180° Seguros, a Sao Paulo, Brazil-based insurtech company, secured $31.4m in Series A funding.
The round was led by 8VC, followed by Dragoneer, Monashees, Atlantico, Quartz, and Norte.
The company intends to use the funds to continue to grow its 50-person team create joint ventures as well as expand the number of strategic partnerships with startups, retailers and companies.
Founded in 2020 by Mauro Levi D’Ancona, Alex Körner and Franco Lamping, 180° operates through a B2B2C model, providing a solution for companies to sell insurance products in a digital way. With its proprietary methodology, focused on the latest technologies, 180° analyzes each distribution channel, identifying opportunities to create unique products combining insurance products in the customer’s journey in order to offer the best customer centric experience through embedded insurance.
Since its founding, 180° has launched nine new products and services in eight different channels.