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§ Private Profile · São Paulo, Sao Paulo, Brazil
Brazilian insurtech offering fully digital life insurance, critical illness, and disability coverage for individuals and brokers in Brazil.
Azos is a São Paulo, Brazil-based insurtech company that provides personalized life insurance, critical illness coverage, and accidental disability protection through a streamlined proprietary digital platform. The company operates as a digital managing general agent, utilizing data science to distribute customizable policies directly to consumers and through a network of independent partner brokers. By eliminating traditional medical exam requirements, the platform facilitates policy contracting in under one business day while maintaining an 85 percent net promoter score. The enterprise has reached $400 million in total life insurance coverage and supports over 500 active brokers across the Brazilian market. Azos has secured $67 million in total venture funding from prominent institutional investors including Kaszek Ventures, Prosus Ventures, Maya Capital, and Munich Re Ventures. The organization was founded in 2020 by Rafael Cló, Renato Farias, and Bernardo Ribeiro.
Azos has raised $2.5B across 5 funding rounds.
Azos has raised $2.5B in total across 5 funding rounds.
Azos has raised $2.5B in total across 5 funding rounds.
Azos's investors include Kaszek Ventures, Endeavor Catalyst, Kevin Efrusy, Guilherme Cardoso, Monica Leal, Accel, Faction VC, Banafsheh Fathieh, Acrew Capital, Cherry Ventures, Mouro Capital, Quona Capital.
Azos has raised $2.5B across 5 funding rounds. Most recently, it raised $2.4B Series C in March 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 12, 2026 | $2.4B Series C | Kaszek Ventures | Endeavor Catalyst, Kevin Efrusy | Announced |
| Feb 24, 2026 | $32.8M Series B | Kevin Efrusy | Kaszek Ventures, Guilherme Cardoso, Monica Leal | Announced |
| Feb 1, 2025 | $31M Series B | — | Accel, Faction VC | Announced |
| Nov 1, 2021 | $10M Series A | Banafsheh Fathieh | Acrew Capital, Cherry Ventures, Faction VC, Mouro Capital, Quona Capital, Kaszek Ventures, MAYA Capital, Propel | Announced |
| May 31, 2021 | $2.4M Seed | — | Kaszek Ventures, MAYA Capital, Propel | Announced |
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]