CEO Coaching International Client Betterfly Raises $60M Series B Round in Latin America’s Largest Insurtech Round
CEO Coaching International®, the leading firm coaching CEOs and leadership teams at more than 380 companies globally, is pleased to congratulate its client Betterfly on raising $60 million in Series B, which is Latin America’s largest insurtech fundraising round and comes just six months after Betterfly raised its $18 million Series A. The round, which included investments from partners of DST Global, QED investors, Valor Capital, Endeavor Catalyst, and the SoftBank Latin America Fund, brings Betterfly’s total equity raised to $80 million.
According to the company’s press release, Betterfly plans to use the proceeds from the fundraising round to continue to grow the platform, as well as to establish key partnerships with insurance carriers and strategic players in the financial services, healthcare, and wellbeing spaces. Betterfly also plans to expand across Latin America, beginning with Brazil, where it will commence operations in the coming months.
“World-class investors have trusted our socially-driven business model of putting social good at the core of our strategy and how we measure success,” said Eduardo della Maggiora, Founder and CEO of Betterfly. “With this new round of funding we will be doubling down on our platform, growth, and team, and continuing to use the power of technology, empathy, and social purpose to bring our vision to life, and protect the future of 100 million families. We’re getting ready to bring our ‘Betterfly Effect’ to every corner of Latin America and the world.”
To read more about Betterfly’s Series B round in a letter from the CEO, visit https://www.linkedin.com/pulse/betterflys-series-b-round-fueling-purpose-driven-della-maggiora/.
Betterfly is a leading technology company that combines wellbeing, insurance, and social purpose with a mission to help people do better, live better, and be better. The company is pioneering a new way to bring financial protection to the masses, by empowering people to help others and take care of themselves mentally, physically, and financially. As a Public Benefit Corporation and Certified B-Corp, Betterfly is reimagining insurance with a purpose-driven approach that empowers members to protect their families, communities, and our planet. (https://betterfly.cl/en/)
About CEO Coaching International
CEO Coaching International works with CEOs and their leadership teams to achieve extraordinary results quarter after quarter, year after year. Known globally for its success in coaching growth-focused entrepreneurs to meaningful exits, CEO Coaching International has coached more than 1,000 CEOs and entrepreneurs in more than 60 countries and 45 industries. The coaches at CEO Coaching International are former CEOs, presidents, or executives who have made BIG happen. The firm’s coaches have led double-digit sales and profit growth in businesses ranging in size from startups to over $10 billion, and many are founders that have led their companies through successful eight, nine, and ten-figure exits. Companies working with CEO Coaching International for two years or more have experienced an average EBITDA CAGR of 67.8% during their time as a client, nearly four times the U.S. average and a revenue CAGR of 25.5%, more than twice the U.S. average.