180 Seguros, the largest insurtech in Latin America, operating under a B2B2C model with proprietary technology and applying AI across the entire insurance value chain, has just raised US$9M.
The pre-series B round consists of US$6.3M in equity, led by existing investors 8VC, Monashees, and Canary with the participation of FJ Labs, and US$2.7M in subordinated capital, raised in the local Brazilian capital market.
The funding has two main goals: to accelerate investments in artificial intelligence projects by strengthening a dedicated business vertical, and to strengthen regulatory capital to sustain the company’s rapid expansion as an insurer. In 2025 alone, 180 grew nearly 500%. Despite already generating positive cash flow and holding about half of the raised funds in cash, this new round expands the company’s regulatory capital base, enabling accelerated growth while opening the way to expand AI initiatives and lead a new phase for the sector. The company expects to raise its annual run rate from the current US$70M to more than US$100M by year-end.
“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. Today, more than 80% of claims are regulated by our proprietary models. 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,” says Mauro Levi D’Ancona, co-founder and CEO of 180 Seguros.
B2B2-AI
180 already applies AI across much of its operations; from underwriting, pricing, and process automation to partner integration and claims management. The next step is to expand a complete business vertical dedicated to AI, growing the dedicated AI team and launching B2B2AI – a platform that will allow partner companies to connect their autonomous agents to the insurtech’s systems for quoting, selling, and servicing insurance.
To support this, the company is developing a MCP (Model Context Protocol) server, a protocol which functions similarly as an API for AI services. MCP incorporates authorization layers, auditing, and tools to ensure LLMs act with precision and security while maintaining compliance across the entire insurance cycle; from quoting and customer service to claims management.
180's distribution partners using AI agents will be able to connect to MCP without the need for direct API integration. Broadly speaking, the protocol transforms conversational consumer interactions into commands within 180’s system, allowing the entire policy lifecycle, from issuance to management, to be conducted by AI. For example, a customer sends a voice message to a partner channel, interacts with a chatbot, and immediately receives a personalized insurance offer, generated via MCP.
By creating a dedicated B2B2-AI vertical 180 becomes the world’s first insurer to enable AI agents to sell and manage insurance at scale, reducing friction, cutting costs, and unlocking transformative possibilities for the sector. This new B2B2AI vertical also reinforces the company’s mission to expand insurance distribution in Brazil and promote financial and social inclusion.
Subordinated Capital: A Local Innovation
The round also marks an unprecedented move for the insurtech sector in the region. Of the US$9M raised, US$2.7M was raised via subordinated capital, a debt instrument that counts as regulatory capitalbut without shareholder dilution. 180 is the first insurtech in Latin America to use this instrument, which emerges as a relevant alternative in a regulated sector which requires robust capital for growth.
With just five years in operation, 180 Seguros consolidates its position as a leader in insurance innovation and paves the way for technology-driven, AI-centered insurance to scale efficiently. The company also aims to accelerate insurance adoption in Brazil, where fewer than 20% of people have life or home insurance far below developed countries, where coverage exceeds 90%.