Mondo operates a digital brokerage platform focused on travel insurance, selling policies through an online channel. The company was founded in 2016 by Ricard Domenech and David Pérez and is based in Barcelona. Mondo plans to shift its business model toward B2B by integrating its travel insurance sales platform into hotel chain and wholesaler platforms. The firm intends to use new funds to expand its headcount and begin internationalization. Mondo closed its first full year with revenue above €1 million and projected to quadruple that figure in 2019. Early backers included Luis Badrinas, Julián López Zaballos (ex-Zurich), the Repris group, and angel Delfí Torns. Mondo operates an online platform that selects the best travel insurance offer for a trip based on destination, duration and type of travel in roughly 60 seconds. The company has commercial agreements with insurers including AXA Assistance, ARAG, ERV, Europa Assistance and Zurich. Mondo plans to start commercializing insurance via B2B platforms serving wholesalers and hotel chains, enabling those partners to offer insurance as a value-added product alongside travel or stays. The company projects a possible first year of activity with revenue of €0.5 million, split between consumer sales and the B2B line. Key shareholders include Julián López Zaballos and the restaurant group Repris, with Luis Badrinas and Delfí Torns completing the rest of the shareholding. The company is based in Barcelona.

Total raised

$1M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2018