# Euro Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/euro-security

- Industry: Insurance
- Headquarters: Buenos Aires, Argentina
- Website: www.123seguro.com
- Total disclosed funding: $3M
- Latest round: Seed (Dec 20, 2017)
- Investors on record: 3

## About

Euro Security SA is a digital insurance brokerage that specializes in simplifying auto insurance solutions, enhancing customer experiences through a user-friendly platform for comparing various insurance options.Founded in 2010, Euro Security SA operates as a digital insurance brokerage based in Buenos Aires, Argentina, focusing on auto insurance. The company was established by Bruno Ferrari and Martin Ferrari. It has secured funding, notably raising USD 3.000 mn in a Seed round in December 2017 from investors including Alaya Capital, Mercado Libre Fund, and NXTP Ventures. The total amount raised by the company is USD 3.000 mn and has completed one recorded deal.123Seguro, the brand under Euro Security SA, provides a platform that allows users to compare auto insurance options from multiple providers, ensuring transparency and ease of access. Their offerings include personalized consultations, catering to a diverse clientele across Argentina, Brazil, Chile, and Colombia. The company serves over a million customers globally, focusing on quality service and comprehensive coverage options.Euro Security SA generates revenue through commissions earned from insurance providers for facilitating policy sales to customers. The platform allows clients to receive tailored insurance quotes based on their needs, providing a variety of coverage plans that are presented transparently. This model ensures informed decision-making for customers while maintaining a competitive edge in the digital insurance marketplace.Looking ahead, Euro Security SA plans to leverage its recent funding of USD 3.000 mn to enhance its platform and develop new products aimed at improving user experience. The company is also targeting expansion into new markets in Latin America, with specific plans to enter additional countries by 2025. This growth strategy will utilize the recent funding to support the development and marketing of these new offerings.

## Funding rounds

- Seed, Dec 20, 2017, $3M — NXTP Ventures, Mercado Libre Fund, Alaya Capital

## Investors

- NXTP Ventures (https://capitalatlas.ai/funds/nxtp-ventures) — Seed
- Mercado Libre Fund (https://capitalatlas.ai/funds/mercado-libre-fund) — Seed
- Alaya Capital (https://capitalatlas.ai/funds/alaya-capital) — Seed