Insurtech

On April 9, news broke of Akad Seguros, a Brazilian digital insurance firm, securing a substantial $22.5 million in Series A funding. This funding round was predominantly supported by co-lead investors Valor Capital Group and Across Capital, along with participants Actyus, Endeavor Catalyst, and Endeavor Scale-Up Ventures. Based in São Paulo, Akad is at the forefront of a new wave of innovative firms in the insurance industry. They harness groundbreaking technologies like artificial intelligence (AI), data analytics, the Internet of Things (IoT), blockchain, and 5G to not only meet...