Latinx-founded Insurtech Startup Sigo Raises $1.5M in Seed Funding to Spearhead Affordable Access to Auto Insurance

JERSEY CITY, N.J.April 27, 2021 /PRNewswire/ -- Sigo, a managing general agency providing underserved populations with affordable access to auto insurance, is leveraging its newly secured funding to further serve the overlooked segment of immigrant and Latinx customers. The $1.5M seed round, with participation from Amicle Capital, Bonded Capital Ventures, Demeter Capital, Financial Solutions Lab, Park City Angels, and gANGELS, will allow Sigo to launch an auto insurance product that removes biased rate factors from day one of the underwriting process.