# Sigo Insurance Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sigo-insurance-services

- Industry: Insurance
- Headquarters: Austin, US
- Website: www.sigoseguros.com
- Total disclosed funding: $17M
- Latest round: Series A (Sep 10, 2024)
- Investors on record: 17

## About

Based in Texas, US, and founded in 2018 by Chief Executive Officer Nestor Hugo Solari, Sigo Insurance Services doing business as Sigo Seguros, operates as a provider of auto insurance that primarily serves Latin customers. In September 2024, Sigo Insurance Services raised USD 10.5 million in series A funding co-led by Varco Capital and Listen Ventures, with participation from Angeles Investors and Flintlock Capital. 

Sigo Insurance Services developed a mobile application platform for Android and iOS smartphone users providing auto insurance solutions. The company’s pricing eliminates fees and rating factors, offering coverage for customers with U.S. and foreign licenses or IDs. In addition, the firm’s application provides various services such as getting a quote, purchasing coverage, obtaining insurance documents, and making auto insurance payments.  It allows rideshare drivers (e.g., Uber, Lyft, DoorDash) to secure coverage for their vehicles for an additional surcharge for commercial use. 

The company plans to use the funding from September 2024 to expand its market footprint into regions with sizeable immigrant populations and limited auto insurance options.

## Funding rounds

- Series A, Sep 10, 2024, $11M — Listen Ventures, Zeal Capital Partners, Angeles Investors, Fiat Ventures, Revolution, Flintlock Capital, Varco Capital
- Seed, Apr 7, 2022, $5.4M — Listen Ventures, Chingona Ventures, Fiat Ventures, Revolution, Remarkable Ventures, Newlin Ventures, Kern Venture Group
- Seed, Apr 27, 2021, $1.5M — Park City Angels, Demeter Capital Partners, Financial Solutions Lab, Bond, VGangels, Amicle Capital

## Investors

- Park City Angels (https://capitalatlas.ai/funds/park-city-angels) — Seed
- Demeter Capital Partners — Seed
- Financial Solutions Lab — Seed
- Bond (https://capitalatlas.ai/funds/bond) — Seed
- VGangels — Seed
- Amicle Capital — Seed
- Listen Ventures (https://capitalatlas.ai/funds/listen-ventures) — Seed, Series A
- Chingona Ventures (https://capitalatlas.ai/funds/chingona-ventures) — Seed
- Fiat Ventures — Seed, Series A
- Revolution (https://capitalatlas.ai/funds/revolution) — Seed, Series A
- Remarkable Ventures (https://capitalatlas.ai/funds/remarkable-ventures) — Seed
- Newlin Ventures (https://capitalatlas.ai/funds/newlin-ventures) — Seed
- Kern Venture Group (https://capitalatlas.ai/funds/kern-venture-group) — Seed
- Zeal Capital Partners (https://capitalatlas.ai/funds/zeal-capital-partners) — Series A
- Angeles Investors (https://capitalatlas.ai/funds/angeles-investors) — Series A
- Flintlock Capital (https://capitalatlas.ai/funds/flintlock-capital) — Series A
- Varco Capital — Series A