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

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • #changetheratio
  • Engage
    • VC Council
    • VC Members
  • LAVCA

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

December 31, 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 +

Submit VC News

Have private equity or venture capital related news that you would like to share? Submit your press releases and news to news@lavca.org.

Categories

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

Sector Tags

agribusiness AgTech Artificial Intelligence B2B Big Data biotech Consumer/Retail delivery Digital Media & Entertainment e-commerce ecommerce EdTech Education Energy Financial Services fintech foodtech Healthcare Healthtech HRTECH Human Resources Impact Impact Investing Infrastructure InsurTech IoT IT Logistics & Distribution logistics and distribution marketplace Marketplaces Mobile Private Capital Private Equity Proptech Real Assets Real Estate SaaS Software Startup startups Technology Telecommunications Transportation venture capital

Geography Tags

Alquilando Argentina Argentine Austria Belize Bolivia Brasil Brazil Canada Canary Caribbean Central America Chile Colombia Costa Rica Dominican Republic Ecuador El Salvador Guatemala Honduras India International INTL Israel Jamaica Japan Kenya LatAm Latin America Mexico Miami Nicaragua Pan-Regional Panama Paraguay Peru Portugal Puerto Rico South Korea Spain United States Uruguay US USA Venezuela
LatAm Venture Bulletin

LatAm Venture Bulletin

The LatAm Venture Bulletin is a must-read roundup of startup deals and news on emerging technologies in Latin America, delivered to over 6,000+ investors, entrepreneurs, and corporates bi-weekly.
Asset Class *

Tweets

  • 📢Exciting news to kick off 2021: Nicolás Szekasy of @KaszekVentures was appointed LAVCA Board Chair; Juan Alberto L… https://t.co/k6xlZQ0GKi

    21-Jan-2021

    Reply Retweet Favorite
  • READ latest deal case featuring Aqua Capital's investment in 🇧🇷Brazil-based agribusiness/animal feed additives comp… https://t.co/vAgqJSEPRm

    22-Dec-2020

    Reply Retweet Favorite
  • 🚀LAVCA's #VC #femaleinvestors lists are out: ♀️ Top #Women Investing &⭐Emerging Women Investors in #LatinAmerica… https://t.co/D6bpZqL9LO

    10-Dec-2020

    Reply Retweet Favorite
  • #HappeningNow LAVCA's CEO @ivonnecuello sharing #LatAm #Tech sectors leading, #leapfrogging, & #Socialimpact data.… https://t.co/Bt2sgRQOFm

    11-Nov-2020

    Reply Retweet Favorite
  • 👩‍💻#weXchange2020 LAVCA's Executive Advisor y @CapriaVC 's Venture Partner @RoblesSusanaro y @NXTPvc's Managing Par… https://t.co/F7Fm1EOxZO

    11-Nov-2020

    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 Offices

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

    Washington DC:
     2600 Virginia Ave. N.W., 500
    Washington, DC 20037

LAVCA Also Has a Regional Presence in:

    Silicon Valley:
    San Francisco, CA

Explore LAVCA.org

  • About LAVCA
  • Board, Team & Councils
  • 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