Latú Seguros raises $6.7 million

Latú Seguros, a Brazilian commercial insurance startup, has closed a $6.7 million pre-seed round led by CRV and Monashees, with the participation of Onevc, Latitude and SVAngel.

Latú, short for Latin American Tech Underwriters, will provide a variety of coverages for small and medium-sized businesses such as liability, property, cyber, E&O, and D&O. The startup is currently focused on companies operating in Brazil and it will distribute insurance in partnership with different insurance companies.

“magic happens when technology is combined with the concept of a protection and security collective, which ultimately is the essence of insurance. We have an incredible opportunity to replace archaic policies and paper-and-pencil models with a combination of technological innovation, industry expertise and local knowledge. We believe this is the only way to manage risks in a globalized, hyper-connected and fast-paced world.” – Founder of Latú Seguros Paola Neira.