Crabi

Crabi is a direct-to-consumer auto insurance carrier licensed in Mexico, offering personal auto coverage across 27 states through a fully digital platform. Founded in 2017 by Daniel Bernardez and Javier Orozco, the company holds its own insurance license under Mexico's CNSF regulator and sells coverage without agents or intermediaries, completing the full application process online in roughly 15 minutes.

The company's underwriting relies on proprietary AI models for dynamic risk pricing. Policyholders manage their coverage, file claims, and track claim status through a mobile app. A national network of repair centers supports claims handling, with adjusters dispatched within 45 minutes of a claim being filed. Crabi is reinsured by Swiss Re. The platform also integrates with automotive dealerships, lenders, and vehicle rental companies through an embedded insurance channel.

Crabi has grown its annualized run rate more than 20x and has consistently doubled year-over-year revenue. The company has sold over 50,000 policies and adds more than 10,000 new policyholders monthly. Projected annualized revenue reaches USD 32 million by late 2025. Total funding across four rounds stands at USD 32.1 million, most recently a USD 13.6 million Series A in June 2025.