Sostengo, based in San Salvador, El Salvador, offers a self-serving auto insurance platform that lets users quote, customize, purchase insurance, report incidents, receive emergency assistance from human agents, and complete payments within minutes. Led by CEO Estuardo Escobar and CFO Daniel Butz, the company reports that individuals represent 70% of its current customer base and have used the app to secure their first insurance via smartphone. On July 3, 2024, Sostengo closed a $3.8M seed funding round. The company says it will use the proceeds to expand operations and accelerate development efforts. The product is mobile-first and designed for quick self-service transactions and rapid incident support. The raise is intended to help Sostengo scale its distribution and customer-support capabilities.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2024