Brazilian Insurtech Azos Raises $24 Million in Series C Funding
Brazilian insurtech company Azos has successfully raised $24 million in a Series C funding round held on March 20, 2026. The round was led by prominent investment firm Kaszek, with participation from investor Kevin Efrusy. Azos specializes in providing customizable life and health insurance policies, offering customers the flexibility to adjust their coverage and premium payments according to individual needs.
Company Background
Founded in 2020 by Rafael Clã (Co-Founder & CEO), Bernardo Correa Ribeiro, and Renato Farias, Azos is dedicated to simplifying the insurance process. The company offers personalized insurance coverage with a streamlined approach to ensure the security of its clients and their loved ones.
Expansion of AI Capabilities
With the newly acquired funds, Azos plans to enhance its artificial intelligence systems across various operational areas. These include underwriting, claims processing, and broker support. The goal is to increase automation which will enable the company to scale its operations more efficiently.
Azos's current portfolio includes over $21.1 billion in policies under management, accounting for more than 1 percent of Brazil’s individual life insurance market. This significant market presence underscores the company's potential to leverage AI for further growth.
Strategic Use of Funds
The funding will specifically target the expansion of Azos's AI capabilities. This includes integrating AI technologies to automate and optimize the company's processes, which will enhance customer experience and operational efficiency. By focusing on AI-driven solutions, Azos aims to streamline its service delivery and maintain its competitive edge in the rapidly evolving insurtech landscape.
Conclusion
The successful Series C funding round marks a significant milestone for Azos as it continues to expand its technological capabilities and market reach. With the backing of Kaszek and Kevin Efrusy, the company is well-positioned to further innovate and solidify its standing in the insurance industry.