Brazilian insurtech 180 Seguros has raised $9million in a pre-series B funding round. The investment consists of $6.3million in equity led by existing investors 8VC, Monashees and Canary, with participation from FJ Labs, and $2.7million in subordinated capital raised in the local Brazilian market.
The funding has two primary objectives: to accelerate investments in its artificial intelligence projects by establishing a dedicated business vertical, and to strengthen its regulatory capital to support continued expansion. 180 Seguros reports growth of nearly 500 per cent in 2025 and expects its annual run rate to increase from its current $70million to over $100million by the end of the year.
The company, which is already cash-flow positive, noted that the new capital provides the flexibility to advance its AI initiatives while reinforcing its financial position as a regulated insurer.
Expansion of AI capabilities
180 Seguros currently uses AI for underwriting, pricing, process automation, and claims management, with the company stating that over 80 per cent of its claims are regulated by its proprietary models. The next phase of its strategy involves launching a new business vertical named ‘B2B2AI’. This platform will also enable partner companies to connect their autonomous AI agents to the insurtech’s systems for quoting, selling and servicing insurance policies.
To support this, the company is developing a Model Context Protocol (MCP) server, which functions as an API for AI services. According to 180 Seguros, the protocol incorporates authorisation layers, auditing and tools to ensure that large language models (LLMs) operate with precision and security while maintaining compliance. The MCP is also designed to translate conversational customer interactions into commands within the 180 system, allowing the entire policy lifecycle to be managed by AI.
Mauro Levi D’Ancona, co-founder and CEO of 180 Seguros, says: “Even with positive cash flow and a strong cash position, we decided to capitalize on the interest from our current investors and accelerate our growth. AI has already transformed our operations. Now we see a new frontier where our distribution partners will be able to use AI agents across the entire customer entire insurance lifecycle. This raise, combined with the subordinated capital, gives us the flexibility and momentum to lead this transformation.”
New approach to regulatory capital
The funding round also included a financial instrument new to the Latin American insurtech sector. Of the total raised, $2.7million came from subordinated capital, a form of debt that qualifies as regulatory capital for insurers without diluting shareholder equity. 180 Seguros is the first insurtech in the region to utilise this instrument, presenting a new option for capital-intensive, regulated businesses to fund growth.
Founded in 2020, 180 Seguros operates as a tech-native insurer, offering products that financial and non-financial institutions can integrate into their customer purchasing journeys. The company aims to increase insurance adoption in Brazil, where it notes that fewer than 20 per cent of the population has life or home insurance, compared to over 90 per cent in more developed countries. To date, the company has raised over $50million and serves more than 30 clients, including fintechs, digital banks, and retailers.
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