Pioneer in Cyber Insurance in Brazil Receives $1.5 Million Funding
SÃO PAULO, March 5, 2024 /PRNewswire/ -- Bluecyber.insure, a pioneering insurtech in cyber insurance in Brazil, has received a $1.5 million investment from VCs Invisto.com.vc and Bossa Invest, as well as strategic investors from the insurance market. "This investment reflects the investors' confidence in Bluecyber's mission to simplify and expand insurance coverage for digital life protection of SMEs and families throughout Latin America, an underserved market with an estimated gross written premium (GWP) of USD 17.3 billion," says Eduardo Rocha, CEO of Bluecyber.
- Bluecyber, which offers digital protection insurance to SMEs and families, will expand its operations in Latin America
SÃO PAULO, March 5, 2024 /PRNewswire/ -- Bluecyber.insure, a pioneering insurtech in cyber insurance in Brazil, has received a $1.5 million investment from VCs Invisto.com.vc and Bossa Invest, as well as strategic investors from the insurance market. - "This investment reflects the investors' confidence in Bluecyber's mission to simplify and expand insurance coverage for digital life protection of SMEs and families throughout Latin America, an underserved market with an estimated gross written premium (GWP) of USD 17.3 billion," says Eduardo Rocha, CEO of Bluecyber.
- The investment has already enabled the acquisition of Ismac.io, which developed an innovative Managed Detection and Response (MDR) platform.
- "We are confident that this new phase will be a watershed in the cyber insurance industry, offering innovative and comprehensive solutions," says Bluecyber's co-founder Claudio Macedo.