July 7

Bdeo Secures over $8.1 Million for its Expansion in Latin America

BY Jose Pulido 

The Spanish insurtech company Bdeo has raised €7.5 million (over $8.1 million) for its international expansion in Europe and Latin America. The funding round saw the participation of Íope Ventures, the investment vehicle created by Wayra and Telefónica Seguros in September 2022, according to a statement.

Founded in 2017 by Julio Pernía and Manuel Moreno, Bdeo offers AI-based technology that detects damages in vehicles and homes, significantly speeding up claims resolution and insurance underwriting processes.

Photo courtesy of Pictures of Money.

Source: Contxto (link opens in a new window)

Finance, Technology
artificial intelligence, lending, startups, venture capital