Seguros Sin Barreras

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Seguros Sin Barreras - overview

Location

Los Angeles, CA, US

Primary Industry

Insurance

About

Seguros Sin Barreras is an auto insurance provider that facilitates access to a variety of insurance options for individual and commercial clients, ensuring compliance with state regulations while offering competitive coverage solutions. Founded in Los Angeles, US, Seguros Sin Barreras specializes in auto insurance solutions. In January 2011, the company was acquired by Confie Seguros, a portfolio company of Genstar Capital Partners. The founder information is currently unavailable.


The company specializes in providing auto insurance solutions, catering to both individual and commercial clients. By collaborating with renowned insurance providers across the nation, the company offers a comprehensive comparison of various insurance options, ensuring customers receive optimal coverage at competitive prices. The service addresses the critical need for compliance with state insurance laws, mitigating risks associated with inadequate insurance coverage, such as license suspension or vehicle registration cancellation. The target client base includes automobile owners seeking to protect their assets while navigating the complexities of state-specific insurance regulations.


These offerings are designed for markets across the United States, enabling a wide reach that accommodates diverse consumer needs. The company's revenue model is primarily derived from transactions involving direct-to-consumer insurance sales. Clients engage with the company to obtain auto insurance quotes, after which they select policies that align with their needs. The firm facilitates this process, delivering insurance policies electronically, which streamlines customer experience and enhances client satisfaction.


Revenue is generated through commissions from insurance providers for successfully placing clients in suitable insurance plans. The company’s focus on efficiency and customer-centric service positions it favorably in the competitive auto insurance market, leveraging its partnerships to enhance revenue streams without disclosing specific pricing plans or financial figures. As part of its growth strategy, Seguros Sin Barreras plans to expand its service offerings by developing new products specifically aimed at addressing emerging client needs. The company is targeting expansion into additional markets across the United States by the end of 2023.


Recent funding from the acquisition in January 2011 will be utilized to support these initiatives, allowing the company to enhance its service capabilities and market reach.


Current Investors

Confie Seguros

Primary Industry

Insurance

Sub Industries

Insurance

Website

www.segurossinbarreras.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Seguros Sin Barreras - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedSeguros Sin Barreras-

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