The company had previously disclosed around $13 million in earlier funding. Founded in 2019, Crabi operates as a fully licensed insurance carrier, offering a seamless digital experience directly through its platform and via partners. With a focus on automation, artificial intelligence, and user-centered design, the startup is aiming to modernize the country’s auto insurance market, where only about 30% of personal vehicles are currently insured.
According to financial analysis, Crabi wrote $13.2 million in premiums in 2024 but posted a loss of approximately $2 million. Since its launch, the company has accumulated $11 million in losses, reflecting significant investment in building out its proprietary infrastructure and technology stack. Despite these losses, Crabi’s leadership remains confident in its scalable business model and the opportunity to drive growth in an underserved market.
“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,” said Daniel Bernardez, CEO and Co-Founder of Crabi. “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.”
Investors echoed that confidence. “Crabi is the most disciplined and well-positioned insurtech we’ve seen in Latin America,” said Nicolás Berman, Partner at Kaszek Ventures. “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.” With the fresh funding, Crabi plans to accelerate product development, scale distribution, and continue investing in regulatory-aligned technology to meet the growing demand for digital insurance in Mexico.
