Akad Seguros: A Rising Star in Brazil's Insurtech Scene

April 15, 2024, 9:34 pm
Akad Seguros
Akad Seguros
Location: Brazil, São Paulo
Employees: 51-200
Founded date: 2012
Total raised: $22.5M
Akad Seguros, a digital insurance firm hailing from São Paulo, has recently secured an impressive $22.5 million in Series A funding. The funding round, led by Valor Capital Group and supported by Across, Endeavor Scale-Up Ventures, Endeavor Catalyst, and Actyus, aims to propel Akad Seguros towards expanding its operational reach and advancing its technological endeavors.

CEO Danilo Gamboa leads the charge at Akad Seguros, a company specializing in property risks, financial lines, cyclist protection, and service provider coverage. With a recent green light from the Superintendence of Private Insurance (SUSEP) to enter the personal insurance market, Akad is poised to tap into a lucrative industry exceeding R$60 billion.

Gamboa expressed enthusiasm about the funding, highlighting the invaluable expertise that investors bring to the table for Akad's exponential growth. The company's strategic focus on leveraging technology to enhance service quality for partners underscores its commitment to innovation and customer satisfaction.

As Akad Seguros emerges as a key player in Brazil's insurtech landscape, its ambitious expansion plans and dedication to technological excellence position it as a rising star to watch in the industry.