Olé Life Secures $13M in Series B to Expand in Latin America

Olé Life secured $13 million in a Series B funding round led by PayPal Ventures, with participation from Mundi Ventures, AV8, and Advent Morro. This funding marks a significant step in Olé Life's mission to expand its digital life insurance offerings in Latin America. Since Mundi Ventures initially invested in Olé Life's Series A round in January 2023, the company has showcased exceptional growth, becoming the region's first fully digital life insurance provider. The new funding will facilitate Olé Life's expansion into key Latin American markets, allowing the company to localize operations and diversify its product suite to meet specific regional needs. Aiming to bridge the $187 billion protection gap in Latin America, Olé Life plans to introduce innovative solutions, including whole-family protection plans. With advanced AI tools and a network of over 4,000 distribution partners, Olé Life is well-positioned to set new benchmarks in the industry. Mundi Ventures, a supportive partner since its inception, remains committed to Olé Life's vision of transforming financial protection in Latin America. This collaboration reflects a broader trend of venture capitalists investing in insurtech companies that leverage technology to provide accessible and affordable insurance solutions.