QED Investors led an undisclosed investment in Pitzi, a Brazilian mobile phone insurance provider, with participation from Thrive Capital and Valiant Partners, at a reported valuation of US$100m. QED invested previously, as did KaszeK Ventures, DCM, and Flybridge.
UPDATE: R$60m was the transaction disclosed (according to Baguete). Read more at Baguete.
(TechCrunch) With roughly one million customers across Brazil and a new round of financing, the mobile phone insurance provider Pitzi now finds itself with a $100 million valuation.
The size of its latest round, which was led by QED Investors and included commitments from existing investors like Thrive Capital and Valiant Partners, was undisclosed.
Read more at TechCrunch.