Darwin startup attracts US$2 million investment, seeks data to lower insurance costs in Brazil

The round led by Duxx and Invisto funds involved angels with backgrounds in companies such as Softbank and Rappi. The enterprise intends to use technology to learn about clients.

RIO DE JANEIRO, BRAZIL - Darwin insurtech dedicated to providing technology to the insurance market, on Wednesday, July 21, announced an R$11 (US$2) million seed funding round.

Founded in early 2021, Darwin's first round of investments will involve Invisto and Duxx venture capital funds, both focused on fintechs and now in the insurance market. One of Duxx's partners is Marcos Couto, a professional with over 30 years experience in this sector.

The investment also includes important angel names such as Felipe Affonso, ex-director of Softbank Brasil, Antonio Lemos, ex-CEO of Unidas car rental company, Ricardo . . .

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