# Akad Seguros S.A

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/akad-seguros-s-a

- Industry: Insurance
- Headquarters: Sao Paulo, Brazil
- Website: www.argoseguros.com.br
- Total disclosed funding: $23M
- Latest round: Series A (Apr 3, 2024)
- Investors on record: 6

## About

Founded in 2012 and based in Sao Paulo, Brazil, Argo Seguros Brasil S.A. is a provider of business insurance solutions in cargo, professional liabilities, financial lines, and cybersecurity segments. In April 2024, a consortium co-led by Valor Capital Group and Across Capital Partners, including Actyus, Endeavor Catalyst, and Scale-Up Ventures, acquired Akad Seguros from GP Investments and CyberLabs Ai for USD 22.5 million.

Akad Seguros offers a comprehensive portfolio of P&C insurance solutions, including professional liability, which protects professionals and businesses against financial losses arising from errors or omissions in their work (e.g., professional civil liability (E&O) for doctors, lawyers, and accountants). The company offers additional P&C products based on industry standards, such as property, equipment, engineering, transport, and warranty insurance. Additionally, the business provides directors and officers (D&O) liability insurance, which covers the personal liability of company directors and officers in case of legal actions related to management decisions. Another key product is cyber insurance, which protects against digital risks such as data breaches and cyberattacks. The firm also offers bicycle insurance, which covers a wide range of bicycles, new or used, original or modified, providing coverage against theft, damage, and other risks. The Bicycle Insurance product is available in various forms, including Bike Basic, Bike Traditional, and the exclusive Bike Woman, catering to different customer segments.


The April 2024 acquisition will help Akad Seguros enhance its AI solutions in the Brazilian insurance market.

## Funding rounds

- Series A, Apr 3, 2024, $23M — GP Investments, Valor Capital Group, Endeavor Catalyst, Endeavor Scale-up Ventures, Actyus, Across Capital Partners

## Investors

- GP Investments (https://capitalatlas.ai/funds/gp-investments) — Series A
- Valor Capital Group (https://capitalatlas.ai/funds/valor-capital-group) — Series A
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series A
- Endeavor Scale-up Ventures (https://capitalatlas.ai/funds/endeavor-scale-up-ventures) — Series A
- Actyus (https://capitalatlas.ai/funds/actyus) — Series A
- Across Capital Partners (https://capitalatlas.ai/funds/across-capital-partners) — Series A