Crabi, a digital auto insurance platform, has secured $13.6m in funding to expand its artificial intelligence (AI)-based services across Mexico.
The funding round was led by Kaszek Ventures and IGNIA, with contributions from 30N Ventures, Redwood Ventures, Carao Ventures, Azuro Capital, and Newtopia VC.
Kaszek Ventures partner Nicolás Berman said: “Crabi is the most disciplined and well-positioned insurtech we’ve seen in Latin America.
“Their combination of proprietary infrastructure, regulatory edge, and scalable distribution puts them in a league of their own. We believe Crabi will set the standard for what modern insurance looks like across the region.”
This investment supports Crabi’s goal of enhancing vehicle insurance access in a nation where over 70% of cars remain uninsured despite being one of Latin America’s largest automotive markets.
Crabi said that as the first fully licensed tech-native auto insurer in Mexico in more than 25 years, the firm is transforming the insurance landscape by offering mobile-first, real-time insurance solutions. These include immediate policy issuance, automated claims handling, and transparent pricing, making car insurance more accessible to millions of drivers.
Over the last three years, Crabi is said to have doubled its growth annually and significantly improved its loss ratio and operational efficiency. Its run rate has increased by over 20 times while maintaining a technology-focused operation.
The company said that it has developed strong collaborations with car dealerships, vehicle financing platforms, leasing companies, and brokers. By integrating deeply into these workflows and using customer data for smarter risk assessment, Crabi is said to enhance both speed and efficiency for partners and end users.
With new funding, Crabi aims to expand its network of distribution partners and further invest in AI-driven operations and underwriting technologies. The company seeks to continue closing the protection gap for millions of drivers historically excluded from the formal insurance market.
Crabi CEO and co-founder Daniel Bernardez said: “At Crabi, we’ve proven that insurance can be scaled profitably when you put automation, AI, and customer experience at the heart of your operation.
“Applying modern engineering and data science to legacy insurance processes unlocks massive gains in pricing, speed, and risk selection. But none of that matters unless you’re also building the right infrastructure, aligning technology with regulation from day one.
“This new capital allows us to double down on both fronts, expanding access to affordable coverage while building a smarter, more inclusive insurance system for Mexico.”
