Crabi

Crabi is a Mexican insurtech company that operates as a fully licensed car insurance carrier. Founded in 2016 by Javier Orozco, with Daniel Bernardez and Cristina Carvallo also listed as co-founders, the company is headquartered in Zapopan, Mexico. Crabi aims to address the low insurance penetration in the Mexican auto market, where approximately 70% of cars are uninsured, by providing a more accessible and affordable alternative to traditional, often opaque and costly, insurance options.

The company offers a mobile-first, digital insurance experience for individuals. Using its app, which is available for both Android and iOS, customers can get a quote, receive an instant policy, and manage their claims. Crabi leverages artificial intelligence, machine learning, and big data to analyze a person's driving habits and behavior, determining premiums based on telematics. This data-driven approach allows for more accurate risk assessment, pricing, and operational speed.

Crabi's business model involves being the direct carrier, which allows it to control the entire insurance process and product design, differentiating it from digital brokers. The company has established a network of distribution partners, including car dealerships, vehicle financing platforms, and leasing companies, to expand its reach. Since its launch in 2019, Crabi has seen significant growth, doubling its year-over-year figures and raising a total of $18.9 million in funding over three rounds. Its latest funding was a $13.6 million Series A round in June 2025, co-led by Kaszek and IGNIA, to expand its partner network and further develop its AI-driven underwriting solutions.

Keywords: insurtech, car insurance, auto insurance, mobile insurance, telematics, AI underwriting, digital insurance, Mexico, Latin America, risk assessment, usage-based insurance, claims automation, licensed carrier, fintech, data-driven insurance, mobile-first, automotive technology, policy issuance, customer experience, partner distribution