One thing that sets the Park City Angels apart is their use of a fund. In order to become a member and gain access to the investment opportunities presented to the group, investors are asked to put $25,000 into a fund every two years, said Ted McAleer, co-founder of the group.
Lula helps convenience stores, pharmacies and consumer packaged goods brands use its zero-commission tools to establish a second sales channel and third-party delivery companies.
U.S. Insurtech Sigo Raises $1.5 Million Through Seed Funding Round
Sigo, a U.S.-based insurtech that specializes in car insurance, announced on Tuesday it raised $1.5 million through its latest Seed funding round, which saw participation from Amicle Capital, Bonded Capital Ventures, Demeter Capital, Financial Solutions Lab, Park City Angels, and gANGELS.
Founded in 2019, Sigo describes itself as an inclusive auto insurance provider focused on the $20 billion emerging standard auto insurance market.
“Sigo provides affordable access via its direct-to-consumer platform that is tech-enabled, bilingual, and mobile-first. By helping customers with limited insurance histories get basic auto insurance, Sigo is better serving this segment of drivers by providing transparent and reliable coverage.”