LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

QED Investors Leads US$17.5m Series A in Chilean Insurtech Betterfly (formerly Burn to Give)

31 December 2020

QED Investors led a US$17.5m Series A in Betterfly (formerly Burn to Give), a Chilean certified B-Corp insurtech providing life insurance to SMEs and incentivizing policyholder’s wellbeing with subsidized coverage. Grupo Prisma, Albatross Capital, and Katapult Impact invested US$8.5m in Betterfly in July 2020.

(IBS Intelligence) Betterfly, a Chilean startup that offers wellness benefits platform that rewards people’s good habits with social giving and life insurance that grows at no cost, has announced new finance round adding $9 mn to a total of $17.5 mn. In July, Betterfly announced it had raised $8.5 mn.

The funding round was led by QED Investors, a North American venture capital company. Betterfly has developed an innovative benefits platform combining data, insurance and purpose to take each person on a lifetime journey of improved wellbeing and financial protection. The company’s unique approach to employee wellbeing boosts commitment to healthy living by turning healthy habits into social donations and no-cost life insurance that grows day by day.

The InsurTech is planning to use the finance to accelerate its growth and combine its three lines of action: InsurTech, employee benefits and internationalization over the next two years.

“The innovation of our model is that we do not exclude by pre-existence, or by socioeconomic level, or by age. We are democratizing a product that has traditionally been exclusive to a few. QED Investors had never invested in the country and neither in wellness and health, I think what convinced them was that we are building something that doesn’t exist anywhere and that is pure innovation,” mentioned Eduardo della Maggiora, Founder & CEO at Betterfly in Linkedin.

Founded in 2018, Betterfly is a purpose-driven health & insurtech company with the mission of helping people live healthier, happier lives while making an impact in the world. The company offers a fully digital, all-in-one wellbeing and insurance subscription that improves, protects and inspires lives.

QED Investors Leads US$17.5m Series A in Chilean Insurtech Betterfly (formerly Burn to Give) was last modified: January 12th, 2021 by cramos
Albatross CapitalBetterflyBurn to GiveChileEduardo della MaggioraGrupo PrismaInsurTechKatapult ImpactQED InvestorsVenture Capital
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

  • Congratulations to all the winners of the 9th annual LAVCA ESG Deal Awards! Learn more about the winners here:… https://t.co/VSLSO2QDkU

    25-May-2023

    Reply Retweet Favorite
  • Join us at 10 am ET for LAVCA's 9th annual ESG Deal Awards! Join here: https://t.co/idTeK2S6lK #investors #LatAm… https://t.co/bbCEAOfjtd

    25-May-2023

    Reply Retweet Favorite
  • Nicolas Szekasy and Francisco Alvarez-Demalde of LAVCA Member firms @KaszekVentures & Riverwood Capital shared thei… https://t.co/GtxubjgCYD

    22-May-2023

    Reply Retweet Favorite
  • The 9th Annual LAVCA ESG Deal Awards will take place next Thursday, 25 May 2023 at 10 am ET on LinkedIn. LAVCA Mem… https://t.co/NpRQSoZgkJ

    18-May-2023

    Reply Retweet Favorite
  • Join us for "Increasing Participation of Women in Private Capital", the next module in the Inside Private Capital e… https://t.co/eQm8BFtlFg

    16-May-2023

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top