Bidu insures against failure with $9m fundraise

May 1, 2014 • Robert Lavine

The Brazil-based insurance price comparison site has secured $9m in a round supported by Bertelsmann and MTN-backed Amadeus Capital.

Amadeus Capital Partners has led a R$20m (US$9m) venture capital round for Brazil-based insurance price comparison company Bidu Holdings that also saw participation from Germany-based corporation Bertelsmann.

Amadeus made the investment through the Amadeus IV Digital Prosperity, a fund it is raising in which the cornerstone investor is telecommunications provider MTN. Amadeus and Bertelsmann joined Monashees Capital and Otto Capital Partners in the round.

Bidu operates an online platform that enables users to compare real-time insurance quotes from 10 Brazilian…

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