Sigo, a Jersey City, NJ-based managing general agency providing underserved populations with access to auto insurance, raised $1.5M in seed funding.
Backers included Amicle Capital, Bonded Capital Ventures, Demeter Capital, Financial Solutions Lab, Park City Angels, and gANGELS.
The company intends to use the funds to continue to expand operations and the business reach of its auto insurance product for immigrant and Latinx customers.
Founded in 2019 by Latino entrepreneurs Néstor Hugo Solari and Júlio Erdos, Sigo is an inclusive auto insurance provider working via its direct-to-consumer platform that is tech-enabled, bilingual, and mobile-first.
Sigo is currently available in California and Texas.