About Sofía
Sofía is a company based in Mexico City (Mexico) founded in 2018. It operates as a Subscription Services, and Direct-to-Consumer (D2C). Sofía has raised $38.8 million across 3 funding rounds from investors including Ribbit Capital, Index Ventures and Kaszek. Sofía offers products and services including SofíaBusiness and Individual Insurance. Sofía operates in a competitive market with competitors including Passalud, among others.
- Headquarter Mexico City, Mexico
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Sectors
Financial Services
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$38.8 M (USD)
in 3 rounds
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Latest Funding Round
$13.5 M (USD), Series A
Dec 12, 2024
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Investors
Ribbit Capital
& 4 more
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Employee Count
Employee Count
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Products & Services of Sofía
Sofía offers a comprehensive portfolio of products and services, including SofíaBusiness and Individual Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Comprehensive medical coverage is provided for business employees.
Medical coverage is offered for individuals and families.
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Funding Insights of Sofía
Sofía has successfully raised a total of $38.8M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $13.5 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $13.5M
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First Round
First Round
(01 Mar 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - Sofía | Valuation | K Fund | |
| Nov, 2020 | Amount | Series A - Sofía | Valuation | Index Ventures | |
| Mar, 2020 | Amount | Seed - Sofía | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sofía
Sofía has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Ribbit Capital, Index Ventures and Kaszek. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors by Kaszek.
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Founded Year | Domain | Location | |
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Venture capital is invested in technology-based product and service companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sofía
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sofía
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sofía Comparisons
Competitors of Sofía
Sofía operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Passalud, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operates a digital platform for listing and connecting healthcare providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sofía
Frequently Asked Questions about Sofía
When was Sofía founded?
Sofía was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Sofía located?
Sofía is headquartered in Mexico City, Mexico.
Is Sofía a funded company?
Sofía is a funded company, having raised a total of $38.8M across 3 funding rounds to date. The company's 1st funding round was a Seed of $6.3M, raised on Mar 01, 2020.
What does Sofía do?
Comprehensive health insurance solutions are offered by Sofía for businesses, individuals, and families in Mexico. Coverage includes major and minor medical care, preventive services, and hospitalizations with no deductible. Services are managed through a digital app, ensuring ease of use with features like 247 attention, unlimited video consultations, and quick reimbursements. The focus is on startups and enterprises, providing tax-deductible options and administrative tools for managing employee benefits. A wide network of specialists, hospitals, pharmacies, and laboratories is maintained across the country.
Who are the top competitors of Sofía?
Sofía's top competitors include Passalud.
What products or services does Sofía offer?
Sofía offers SofíaBusiness and Individual Insurance.
Who are Sofía's investors?
Sofía has 5 investors. Key investors include Ribbit Capital, Index Ventures, Kaszek, K Fund, and IDB Lab.