StageSeed VC - II | Alive
Last Raised$5.4M | 1 yr ago
Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+70 points in the past 30 days
About Sigo Seguros
Sigo Seguros develops a mobile-based digital auto insurance platform. It allows customers with limited insurance histories to get basic liability policies directly from phones. The company was founded in 2017 and is based in Trenton, New Jersey.
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Expert Collections containing Sigo Seguros
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Sigo Seguros is included in 2 Expert Collections, including Insurtech.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Latest Sigo Seguros News
May 1, 2023
US News: Sigo Seguros Winning New Customers Sigo Seguros , a Latino-led car insurtech company, announced today that it has saved its customers over $2 million dollars in down payment fees after growing sales 1,276% in Q1 2023, as compared to Q1 2022. The company has insured over 15,000 drivers in 18 months since the launch of their proprietary product. “Our vision is to revolutionize car insurance by providing accessible and equitable coverage for immigrants and the working class,” said Nestor Hugo Solari, CEO, and Founder of Sigo Seguros. “Today’s results show our progress towards our goal of providing fairer car insurance and unlocking the economic surplus currently trapped due to ineffective distribution channels.” The insurer developed the first bilingual, mobile-first car insurance platform with the Hispanic community in mind. They offer affordable options by not charging additional fees or using biased rating factors like credit score or education level, which have traditionally driven up costs for the Hispanic community. Sigo Seguros has expressed confidence in their online-first product recognizing the potential of the underserved market. According to the 2021 data from Pew Research Center, 83% of Hispanics in the United States own smartphones. Furthermore, a report from Geoscape shows that Hispanics are more likely to use mobile devices for online activities, including purchasing insurance online. As a part of its growth strategy, Sigo Seguros intends to expand its presence to the top 10 states with the largest Hispanic populations over the next five years. By doing so, it will provide a seamless, user-friendly experience to its customers, further solidifying its commitment to offering accessible and equitable car insurance to immigrant and working-class communities. Share this:
Sigo Seguros Frequently Asked Questions (FAQ)
When was Sigo Seguros founded?
Sigo Seguros was founded in 2017.
Where is Sigo Seguros's headquarters?
Sigo Seguros's headquarters is located at 101 Grovers Mill Road, Trenton.
What is Sigo Seguros's latest funding round?
Sigo Seguros's latest funding round is Seed VC - II.
How much did Sigo Seguros raise?
Sigo Seguros raised a total of $7.13M.
Who are the investors of Sigo Seguros?
Investors of Sigo Seguros include Fiat Ventures, Revolution Rise Of The Rest Seed Fund, Listen Ventures, Newlin VC, Edrizio De La Cruz and 14 more.
Who are Sigo Seguros's competitors?
Competitors of Sigo Seguros include Pier, Crabi, Simplee Seguros, Awto, Guros and 7 more.
Compare Sigo Seguros to Competitors
123Seguro is a digital auto insurance broker. It offers a combination of insurance comparison, transparency, and advisory services. It also provides policy management and claims management solutions. It was founded in 2010 and is based in Caba, Argentina.
iunigo is a digital auto-insurer in Argentina, providing a mobile aplication to manage all the services that have to do with car care and protection, online and immediately.
Sostengo is an insurtech firm that offers accessible insurance to the underserved market in Central America.
riskine develops digital business-to-business advisory and sales software based on artificial intelligence and graph-based technologies for the financial industry. It supports lead generation, advice, and closing on all sales channels (self-service, face-to-face, hybrid, or chatbot solution). The company creates real customer-centricity in financial advisory through risk analysis, product advisory, risk sentiment recommender, product recommender, investment profile, and more. It was founded in 2016 and is based in Vienna, Austria.
Unqork operates as a no-code, software-as-a-service (SaaS) platform to build, integrate, and manage software with zero tech debt. Its patent-pending technology includes advanced calculations, decisions, user interface (UI) design, and workflow for risk assessment and digitization layered on top of legacy information technology (IT) systems. It was founded in 2017 and is based in New York, New York.
Instanda is a management tool that empowers insurers, brokers and MGAs to build and launch any insurance product within unprecedented timescales, and then distribute and self-manage it online, globally. Instanda was founded in 2012 and is based in London, England.
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