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Luxelare

Parametric crop insurance platform for smallholder farmers in Latin America

Specialty Solutions Growth Seed
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Overview

Luxelare is a parametric insurance technology platform for the agro-insurance sector in Latin America. The company provides digital infrastructure for carriers, financial institutions, and agricultural producers to deliver index-based crop coverage to smallholder farmers. Operating as Ofelia Tech, S.A.P.I. de C.V., Luxelare is headquartered in Mexico City and is a certified B Corporation.

The company develops the Captum Insurance Engine, a SaaS platform that supports both traditional and parametric crop insurance products across the full agricultural lifecycle -- from germination to harvest. The platform integrates satellite imagery, weather data, and soil monitoring to trigger parametric coverage, and includes digital extension services providing farmers with agronomic alerts.

Luxelare has received backing from investors including Google Accelerator, Lightsmith Group, Village Capital, and Wayra, with total funding of approximately USD 818K. The company is a member of the Insuresilience Global Partnership and has been recognized by the UNDP Global Insurance Innovators Community for its work on closing the agricultural insurance protection gap for smallholder farmers.

Products & Services

Captum Insurance Engine

A complete digital platform for agricultural insurance carriers. Supports traditional insurance products as well as index-based and parametric coverage calibrated to crop lifecycle stages.

Key Features

  • Parametric trigger mechanisms based on weather and satellite data
  • Coverage for drought, frost, hail, excess rainfall, and strong winds
  • Integration with soil monitoring, weather, and agricultural analytics providers
  • Support for the full crop cycle from germination to harvest

Target Users: Agricultural insurance carriers, banks financing agriculture

Agroblindaje

A parametric multi-peril agricultural protection product for smallholder and medium-sized farming operations. Provides hedging against climate-related crop risks through automated data-driven triggers.

Key Features

  • Multi-peril parametric coverage
  • Weather and crop data-triggered payouts
  • Designed for accessibility by small and medium agricultural producers

Target Users: Smallholder farmers, agricultural producers

Digital Extension Services (Extensionismo Digital)

A farmer-facing advisory service delivering weekly alerts with weather forecasts and agronomic guidance to support crop management and decision-making.

Key Features

  • Weekly weather forecast alerts
  • Agronomic tips tailored to crop type and lifecycle stage
  • Supports farmer engagement and risk awareness

Target Users: Agricultural producers using Luxelare insurance products

Agricultural Lending Support

Risk analytics solutions for financial institutions that finance agriculture, aimed at reducing claims rates and improving risk assessment for agricultural loan portfolios.

Key Features

  • Risk scoring for agricultural lending
  • Claims rate reduction tools for lenders
  • Integration with insurance data for portfolio-level risk views

Target Users: Banks and lenders financing agricultural operations

At a Glance

Founded
2012
Headquarters
Mexico City, Mexico
Employees
1-10
Funding
Seed

Category & Focus

Category
Specialty Solutions
Subcategories
Parametric Insurance Agricultural Insurance Technology Index-Based Insurance
Insurance Verticals
Specialty/E&S P&C Commercial
Target Customers
Carriers, Agents/Agencies

Customers

  • Agricultural producers (smallholder and medium-sized farmers)
  • Agricultural insurance companies (agroaseguradoras)
  • Banks financing agriculture
  • Academic institutions

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Last updated: 2026-06-30