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Digital insurance for companies is what Covela offers to clients, most of whom are Latin America SMEs. Restaurants, coffee shops, laundrymats, in addition to dental offices are some common businesses that Covela partners with.
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All 58 Y Combinator Latin American startups
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Proptech Flat raises US$4.5 million pre-seed round led by ALLVP
Contxto – Not only is the Mexican real estate industry huge but also outdated with many inefficient processes. Counteracting this, a new Mexican startup, Flat, recently raised US$4.5 million in one of Mexico’s largest pre-seed rounds ever. Fellow Mexican fund ALLVP led the round alongside other investors including Liquid Ventures, Picus Capital, Next Billion Ventures, […]
Update: More Latin American startups entering Y Combinator’s Summer Batch 2019
Contxto – A couple of weeks ago, I wrote a story about Covela, a Mexican insurtech that recently became part of Y Combinator‘s portfolio and Summer Batch 2019. Then I wrote an article about some other five startups joining the batch. In retrospect, I must admit that I didn’t take a look at the other […]
Mexican Covela joins Y Combinator’s Summer Batch 2019
Contxto – The Mexican insurtech startup, Covela, recently joined the reputable Bay Area accelerator, Y Combinator. Investing US$150 thousand, this was the fund’s first financing for a Mexican company venturing into the insurance space. More fuel for the tank! Last Monday, news broke out that Covela, a digital insurance agent for companies, raised US$150 thousand […]