AVLA raises $25 million

AVLA, a provider of surety and trade credit solutions, has raised $25 million from Creation Investments Capital Management, DEG Invest, and Altra Investments.

The Chile-based company generated approximately $150 million of insurance revenue in 2023 and ranks as a top five provider of surety and trade credit solutions in Latin America, with operations in Brazil, Mexico, Chile and Peru. The capital will support the company’s international growth strategy and its plans to enter the US market.

“We are delighted to continue strengthening AVLA and expanding our business focused on small and medium-sized enterprises in the region. Following our successful entry to Mexico and Brazil, we are aiming to further expand into the United States, with the goal of reaching 150,000 clients and generating revenue of $350 million on a consolidated basis in the coming years.” – Ignacio Álamos, founder and CEO of AVLA.

“AVLA is a unique growth story combining attractive profitability, strong social impact, and an impressive capability to enter new markets. We are thrilled to invest additional capital to support AVLA’s existing operations and technology as well as the company’s entry into the U.S. market.” – Amadeo Ibarra, Mexico country head of Creation Investments and AVLA board member.