Crabi, a digital auto insurer based in Mexico, secured $13.6mn in Series A funding. The round was co-led by Kaszek and Ignia, with additional support from 30N, Redwood Ventures, Carao Ventures, Azuro Capital, and Newtopia VC.
Established in 2019, Crabi operates as a licensed insurance carrier offering digital auto policies through its platform and partner channels.
Crabi is a full-stack auto insurance platform built to make coverage simpler, smarter, and more accessible.
The company emphasizes automation and AI to improve pricing accuracy, operational efficiency, and risk assessment in a market where only 30% of personal vehicles are insured.
Despite being one of the largest automotive markets in Latin America, over 70% of vehicles in Mexico are uninsured. Traditional insurance options have remained expensive, outdated, and difficult to access for decades.
Crabi is the first tech-native insurance company in over 25 years to receive regulatory approval in Mexico, paving the way for a new generation of digital insurers.
Crabi tackles the gap head-on by offering real-time, mobile-first insurance experiences. Delivering instant policy issuance, automated claims support, and transparent pricing, making car insurance finally accessible to millions of drivers.
Over the past three years, Crabi has achieved 2x+ year-over-year growth, dramatically improved its loss ratio and operating efficiency, and scaled its run rate by more than 20x — all while maintaining a lean, technology-driven operation.
In 2024, Crabi wrote $13.2mn in premiums and recorded a loss of $2mn. Cumulative losses since launch total $11mn, largely due to investment in proprietary infrastructure and technology.
Despite these figures, the company views its model as scalable and suited to growth in Mexico’s underpenetrated auto insurance sector.
CEO Daniel Bernardez stated that the company applies modern engineering and data tools to traditional insurance processes while maintaining regulatory alignment. He said the new capital will support expansion in both infrastructure and affordable product access.
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
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,” said Daniel Bernardez.
Kaszek’s Nicolás Berman described Crabi as the most disciplined insurtech in the region, citing its proprietary infrastructure, regulatory approach, and scalable model as key advantages.
“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.
