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Minuto Seguros Lastest Investment Pick for Redpoint

Just two months after announcing the closing of a fund worth US$130 million dedicated to early-stage startups in Brazil, Redpoint has closed its first deal with the capital.

The organization has funded the Series A round of Minuto Seguros, a Brazilian online insurance broker. Though the financial details of the investment have not been disclosed, it has been estimated that Redpoint has contributed somewhere between US$3 million and US$5 million.

Minuto Seguros was founded in 2011 by Marcelo Blay. The company offers insurance products for individuals and businesses and is a pioneer in bringing a traditionally offline sector to the web.


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