Azos is a technology company.
Azos is an insurtech company that offers life insurance products, including coverage for critical illnesses and total disability due to accidents, all with a focus on digital accessibility and transparency.
Azos has raised $41.0M across 2 funding rounds.
Azos has raised $41.0M in total across 2 funding rounds.
Azos has raised $41.0M in total across 2 funding rounds.
Azos's investors include Accel, Faction VC, Acrew Capital, Cherry Ventures, Mouro Capital, Quona Capital.
Azos is a Brazil-based insurtech company founded in 2020 that democratizes access to life insurance through digital products, eliminating medical exams and profession restrictions. It offers life insurance, critical illness coverage, accidental disability protection, and funeral assistance, serving individuals and the insurance sector by reducing inefficiencies via advanced analytics and multi-channel distribution.[1][2][5] The company has raised $67M total, including a $30.5M Series B round three months ago and a $10M Series A in 2021 led by Prosus Ventures, achieving strong growth with a Mosaic Score up +154 points recently and estimated $60.8M revenue.[2][5]
Azos transforms Brazil's life insurance market by providing flexible, affordable coverage without traditional barriers, enabling faster risk assessment and broader accessibility.[1][2]
Azos was founded in 2020 in São Paulo, Brazil, headquartered at Avenida Brigadeiro Faria Lima in Jardim Paulistano.[2][5] While specific founder names are not detailed in available sources, the leadership includes a Co-Founder & CEO, and the company quickly gained traction with a $10M Series A in 2021 from Prosus Ventures and Kaszek, followed by further funding to $67M total by Series B stage.[1][2][5] Early momentum came from addressing Brazil's underserved life insurance market, launching personalized digital policies that bypass medical checks, leading to rapid expansion in an insurtech ecosystem with peers like Alice and 88i.[2][5]
Azos rides the insurtech wave in Latin America, particularly Brazil's digital transformation of insurance amid rising fintech adoption and demand for accessible financial protection.[2] Timing aligns with post-pandemic shifts toward preventive, tech-enabled services, fueled by market forces like high underinsurance rates and regulatory openness to innovation.[1][5] By improving underwriting via analytics and enabling exam-free policies, Azos influences the ecosystem, competing with firms like Alice while backed by investors like Kaszek and Prosus, accelerating sector-wide efficiency and inclusion.[1][2]
Azos is poised for continued expansion in Brazil's $30B+ insurance market, leveraging its Series B momentum to scale user base and product lines amid insurtech consolidation. Trends like AI-driven underwriting and embedded insurance will shape its path, potentially driving international growth or partnerships. Its influence may evolve by setting standards for accessible coverage, reinforcing its role as a democratizer—echoing its mission to transform life insurance through technology and superior experience.[1][2]
Azos has raised $41.0M across 2 funding rounds. Most recently, it raised $31.0M Series B in February 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2025 | $31.0M Series B | Accel, Faction VC | |
| Nov 1, 2021 | $10.0M Series A | Acrew Capital, Cherry Ventures, Faction VC, Mouro Capital, Quona Capital |