Anthony R. O’Donnell // April 28, 2021
(Image source: Sigo.)
Sigo, an MGA with the mission of providing underserved populations with affordable access to auto insurance, has raised a $1.5M seed round, with participation from Amicle Capital, Bonded Capital Ventures, Demeter Capital, Financial Solutions Lab, Park City Angels, and gANGELS. Sigo says it will use the funding to launch an auto insurance product that removes biased rate factors from day one of the underwriting process.
“Emerging standard auto insurance is a $20 billion market, but because basic