Guros, a Mexico City-based insurance technology platform, closed a $5.8m seed funding round, at a $30m valuation.
The round was led by F-Prime Capital and Cometa, with participation from Clocktower and Insurify and existing investors Leap and Magma Partners.
The company intends to use the funds to strengthen the platform capabilities, further customize APIs for commercial partners, expand into health insurance, and grow internally across technology, product and operations.
Led by Juan Manuel Gironella, CEO, and Javier Gironella San Juan, COO, Guros allows consumers to gain control over their insurance policies, regardless if they are a Guros policyholder or not. The wallet provides policyholders with the ability to save all of their insurance information in one digital location, and car owners the ability to track taxes, speeding tickets, and driving restrictions free of charge. The company says that, in under one minute, Guros enables individual insurance buyers to receive an auto insurance quote and compare between insurance products in a fully digital environment. Through its proprietary APIs, the system aggregates information from insurers in a standardized and simplified manner, making it possible for commercial partners to embed auto insurance purchasing capability into their platforms.