Mexican InsurTech Crabi raises $13.6m to scale AI insurance

Crabi, a digital auto insurance company based in Mexico, has raised $13.6m to expand access to its AI-driven platform.

The funding round was led by Kaszek and IGNIA, with participation from 30N Ventures, Redwood Ventures, Carao Ventures, Azuro Capital, Newtopia VC, and others.

Crabi offers a fully digital, mobile-first auto insurance service aimed at simplifying access to coverage in Mexico, where over 70% of vehicles remain uninsured. The company is the first tech-native auto insurer in the country to receive regulatory approval in more than 25 years.

Its platform issues policies instantly, supports automated claims, and uses AI to provide accurate, transparent pricing. Crabi integrates directly with brokers, dealerships, and lenders to streamline the insurance experience and improve underwriting accuracy.

The company has grown rapidly in recent years, more than doubling annually, and improving both its loss ratio and operational efficiency. With this new capital, Crabi plans to expand its distribution network and deepen its AI capabilities.

Crabi CEO and co-founder Daniel Bernardez said, “At Crabi, we’ve proven that insurance can be scaled profitably when you put automation, AI, and customer experience at the heart of your operation.

“Applying modern engineering and data science to legacy insurance processes unlocks massive gains in pricing, speed, and risk selection. But none of that matters unless you’re also building the right infrastructure, aligning technology with regulation from day one. This new capital allows us to double down on both fronts, expanding access to affordable coverage while building a smarter, more inclusive insurance system for Mexico,” added Bernardez.

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