# Ole Insurance Group Corp. I.I.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ole-insurance-group-corp-i-i

- Industry: Insurance
- Headquarters: Puerto Rico
- Website: www.olelife.com
- Total disclosed funding: $25M
- Latest round: Series B (Jan 16, 2025)
- Investors on record: 5

## About

Based in Puerto Rico, and founded in 2021 by its CEO Michael Carricarte, and co-founders Andrew Carricarte, and Brian Carricarte, Ole Insurance Group Corp. I.I. formerly known as Amedex, operates as an insurance company specializing in providing comprehensive life insurance coverage and wellbeing services. In June 2023, Ole Life raised USD 12 million in series A funding co-led by AV8 Ventures and Mundi Ventures, with participation from Morro Ventures. As of June 2023, the company has over members in 30 countries with over 3,000 contracted advisors. In January 2025, Ole Life raised USD 13 million in series B funding led by new investor PayPal Ventures, with participation from another new investor Advent Morro. Returning investors AV8 Ventures and Mundi Ventures.


Ole Insurance Group Corp. I.I. offers insurance tailored to its user's specific requirements through the web or a mobile application with a range of coverage options, including term life insurance, and whole life insurance for 10, 15, 20, or 30 years. 

The company plans to use the series A funding to advance its AI capabilities, grow its customer base, and increase the number of agents working for them.

## Funding rounds

- Series B, Jan 16, 2025, $13M — Advent Morro, Mundi Ventures, AV8 Ventures, PayPal Ventures
- Series A, Jun 1, 2023, $12M — Mundi Ventures, Morro Ventures, AV8 Ventures

## Investors

- Mundi Ventures (https://capitalatlas.ai/funds/mundi-ventures) — Series A, Series B
- Morro Ventures (https://capitalatlas.ai/funds/morro-ventures) — Series A
- AV8 Ventures (https://capitalatlas.ai/funds/av8-ventures) — Series A, Series B
- Advent Morro (https://capitalatlas.ai/funds/advent-morro) — Series B
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series B