Magma Partners invests in Mexico’s professional beauty industry with Círculo de Belleza
We led a Seed round in Círculo de Belleza to support their mission to bring top-quality products to beauty professionals in Latin America.
Seguros Arca is a leading insurtech platform from Mexico City that allows users to find, compare, purchase, and manage insurance policies online. Magma Partners recently invested along with Leap Global Partners and Grupo Peña Verde.
Arca users only need their vehicle brand name, model, and their postal code to get a quote in less than 30 seconds. Consumers can compare quotes from different insurance companies without registering and without having to call a live agent.
“We’re excited to support Seguros Arca on their mission to help the uninsured with their digital solutions. We believe the founders, who have extensive experience in the industry, will transform the insurance market in Mexico, and eventually, in Latin America in general,” said Nathan Lustig, Managing Partner at Magma Partners.
Seguros Arca is bringing the digital revolution to the insurance sector with its solutions that use technology to help streamline access to insurance.