Mundi Ventures

Mundi Ventures, founded in 2015 and headquartered in Madrid, Spain, is a venture capital firm managing three funds totaling over €170 million. The first two funds are vertical agnostic, focusing on B2B deep-tech investments, with funding amounts ranging from €1 million to €5 million per deal. The third fund specializes in InsurTech, concentrating on European startups and investing between €1 million and €7 million in Series A, B, and C funding rounds. Mundi Ventures invests across various sectors, including financial services, healthcare, information technology, cybersecurity, big data, artificial intelligence, and machine learning. The firm maintains an operational presence in Barcelona, London, and Seattle, and enhances its portfolio companies' growth by leveraging a global network known as the "Mundi Club," which consists of nearly 700 executives across more than 40 cities worldwide.

Faisal Al-Hussein

Associate

Rafaela Andrade

Investment Director

Alberto Bleda-Merino

Partner

Rubén Domínguez

Analyst

Carlota Feiner

Associate

Yoko Kojima

Associate / Head of ESG

Alejandra Maortua

Principal / Head of Investments

Rajeev Singh-Molares

General Partner

Uyiosa Oigiagbe

Investment Associate

Daniel Peñaloza

Investor

Moisés Sanchez

Partner

Rajeev Singh-Molares

Founder and Managing Partner

Javier Sánchez

Associate

Lluís Viñas Fernández

Investment Associate

Javier Ruiz de Azcárate Varela

Investor

Past deals in Life and Health Insurance

Kinsu

Convertible Note in 2023
Kinsu is an online platform providing insurance management services for clients and agents. It operates as an insurance agency that simplifies the insurance purchasing process by offering a range of products, including car, medical, home, life, and retirement insurance. By clearly explaining the available options, Kinsu aims to help clients save time and money while eliminating the complexities often associated with insurance purchases.

ELEMENT Insurance

Series B in 2022
ELEMENT Insurance AG is a digital insurance provider based in Berlin, Germany, founded in 2017. The company specializes in developing white-label insurance products and operates as a direct insurer for non-life insurance, licensed by the German Federal Financial Supervisory Authority. ELEMENT's innovative technology platform focuses on the B2B2X value chain, allowing it to create customized insurance solutions for various partners, including e-commerce businesses and traditional insurers. This enables partners to market these products under their own brand. By managing the entire insurance value chain—ranging from actuarial calculations and underwriting to policy administration and claims management—ELEMENT simplifies the insurance process and enhances operational efficiency for its clients across 28 countries in Europe.

Kinsu

Private Equity Round in 2022
Kinsu is an online platform providing insurance management services for clients and agents. It operates as an insurance agency that simplifies the insurance purchasing process by offering a range of products, including car, medical, home, life, and retirement insurance. By clearly explaining the available options, Kinsu aims to help clients save time and money while eliminating the complexities often associated with insurance purchases.

SafetyWing

Series B in 2022
SafetyWing is a provider of insurance services designed for digital nomads and online freelancers. The company specializes in offering travel medical insurance, which includes coverage for health-related issues while abroad, as well as assistance with lifestyle disruptions such as lost luggage and travel delays. With a mission to facilitate the transition to location independence, SafetyWing aims to support individuals considering a nomadic lifestyle by providing affordable and comprehensive global insurance options. In addition to its insurance offerings, the company also shares knowledge and resources to help members navigate the challenges of living and working remotely. Through these services, SafetyWing seeks to empower remote workers to travel with confidence and freedom.

Betterfly

Series C in 2022
Betterfly is a wellbeing and insurance platform based in Santiago, Chile, that focuses on enhancing health and wellness in organizations while fostering community impact. Established in 2018, Betterfly incentivizes employees to adopt healthier lifestyles by rewarding positive habits with life insurance coverage that increases over time. Additionally, the platform converts each healthy activity into a charitable donation, thus linking personal wellbeing with social responsibility. This innovative model not only promotes individual health but also contributes to addressing social issues, making it a purpose-driven solution for both employers and employees.

Descartes Underwriting

Series B in 2022
Descartes Underwriting is a managing general agency based in Puteaux, France, that specializes in underwriting insurance policies for various sectors, including agriculture, hospitality, mining, construction, and energy. Founded in 2018, the company focuses on climate risk modeling and offers innovative insurance solutions that address risks such as flooding, wildfires, and droughts. Through partnerships with corporate brokers, Descartes designs bespoke and affordable insurance products while leveraging a data-driven approach to risk transfer. In addition to underwriting, the company provides claims management services and develops technology-based solutions, including pricing engines and APIs, to enhance the insurance experience for businesses.

Kinsu

Pre Seed Round in 2021
Kinsu is an online platform providing insurance management services for clients and agents. It operates as an insurance agency that simplifies the insurance purchasing process by offering a range of products, including car, medical, home, life, and retirement insurance. By clearly explaining the available options, Kinsu aims to help clients save time and money while eliminating the complexities often associated with insurance purchases.

Asistensi

Series A in 2021
Asistensi is a provider of insurance and medical assistance services specifically designed to support migrants facing health emergencies affecting their families in their countries of origin. The company offers a digital platform that delivers immediate medical attention and facilitates access to insurance for various emergencies, ensuring that migrants can protect their loved ones without financial strain. By prioritizing health as a cornerstone of prosperity, Asistensi aims to address the unique challenges faced by emigrants, allowing them to contribute to the well-being of their families while navigating health-related issues.

ELEMENT Insurance

Funding Round in 2021
ELEMENT Insurance AG is a digital insurance provider based in Berlin, Germany, founded in 2017. The company specializes in developing white-label insurance products and operates as a direct insurer for non-life insurance, licensed by the German Federal Financial Supervisory Authority. ELEMENT's innovative technology platform focuses on the B2B2X value chain, allowing it to create customized insurance solutions for various partners, including e-commerce businesses and traditional insurers. This enables partners to market these products under their own brand. By managing the entire insurance value chain—ranging from actuarial calculations and underwriting to policy administration and claims management—ELEMENT simplifies the insurance process and enhances operational efficiency for its clients across 28 countries in Europe.

Urban Jungle

Series A in 2021
Urban Jungle Services Ltd. is an insurance technology company based in London, United Kingdom, founded in 2016. The company specializes in providing insurance solutions tailored for individuals who rent and share housing in urban environments. Its platform enables housemates to easily split insurance costs and adjust coverage names when residents change. The policies offered cover a range of items, including home contents, smartphones, valuables, multiple bikes, and security deposits, while also addressing emergency expenses related to incidents such as floods, fires, storm damage, theft, and accidental damage. By leveraging technology, Urban Jungle aims to offer accessible and affordable home insurance specifically designed for young professionals.

Asistensi

Seed Round in 2020
Asistensi is a provider of insurance and medical assistance services specifically designed to support migrants facing health emergencies affecting their families in their countries of origin. The company offers a digital platform that delivers immediate medical attention and facilitates access to insurance for various emergencies, ensuring that migrants can protect their loved ones without financial strain. By prioritizing health as a cornerstone of prosperity, Asistensi aims to address the unique challenges faced by emigrants, allowing them to contribute to the well-being of their families while navigating health-related issues.

ELEMENT Insurance

Series A in 2018
ELEMENT Insurance AG is a digital insurance provider based in Berlin, Germany, founded in 2017. The company specializes in developing white-label insurance products and operates as a direct insurer for non-life insurance, licensed by the German Federal Financial Supervisory Authority. ELEMENT's innovative technology platform focuses on the B2B2X value chain, allowing it to create customized insurance solutions for various partners, including e-commerce businesses and traditional insurers. This enables partners to market these products under their own brand. By managing the entire insurance value chain—ranging from actuarial calculations and underwriting to policy administration and claims management—ELEMENT simplifies the insurance process and enhances operational efficiency for its clients across 28 countries in Europe.
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