Asaas acquires Mutuus

● STRATEGIC | INSURANCE · Agency & Distribution

FEBRUARY 4, 2026

Asaas acquires Mutuus

TARGET

Digital insurance broker enabling Brazilian SMEs to quote, contract, and manage cargo, guarantee, and group life insurance entirely online.

Ownership	VC-backed · Bossa Invest, DOMO.VC, Prana Capital, FEA Angels, Google Accelerator
Capital raised	$702K
Headcount	44 FTEs
Headquarters	Canoas, Brazil
Sell-side advisor	—

ACQUIRER

Asaas

Provides a digital financial platform automating billing, collections, payments, and financial management for Brazilian small and medium-sized businesses.

Ownership	VC-backed · BOND Capital, SoftBank Latin America Fund, Inovabra Ventures (Bradesco), 23S Capital, Endeavor Catalyst, Parallax Ventures +1 more
Capital raised	$182M
Headcount	1,050 FTEs
Headquarters	Joinville, Brazil
Leadership	Diego B. Contezini, Chief Executive Officer Pedro Rocha, New Ventures VP
Buy-side advisor	—

Share deal Copy details View press release ↗

Asaas -> Mutuus  (2026-09-18)
strategic_acquisition | Insurance | announced
Target: Digital insurance broker enabling Brazilian SMEs to quote, contract, and manage cargo, guarantee, and group life insurance entirely online.
Website: mutuus.net | Buyer site: asaas.com
HQ: Canoas, Brazil | Ownership: vc-backed | Buyer ownership: vc-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/asaas-mutuus.html

Spotted an error or advised on this transaction? Claim credit or send a correction

MORE IN INSURANCE

Insight Partners leads a round in Luzern RiskVC Watch Underwriting & MGA PlatformsSEP 17

$45M Invested · Luzern Risk – AI-native captive insurance management platform for mid-market businesses to design, launch, and manage captive programs end-to-end ›

Fastweb+Vodafone leads a round in Mama InsuranceVC Watch Agency & DistributionSEP 14

Mama Insurance – AI-native home and contents insurance MGA platform for Italian homeowners, renters, and SMBs, with policies purchasable fully online in under two minutes; underwritten by Chubb ›

Bridgepoint acquires VIPR Solutions (Tenzing) Underwriting & MGA PlatformsSEP 3

VIPR Solutions – delegated authority and bordereaux management software for insurers, Lloyd's managing agents, MGAs, and brokers managing program business data and compliance globally ›

Great Hill Partners invests in Aurenity Underwriting & MGA PlatformsSEP 1

Aurenity – excess and surplus lines MGA offering six casualty, property, public entity, and religious-organization programs to wholesale brokers, powered by proprietary pricing algorithms and AI automation ›

Growth Catalyst Partners invests in HoneyQuote Agency & DistributionSEP 1

HoneyQuote – AI-enabled coastal homeowners insurance brokerage powering quoting, binding and servicing workflows across 30+ regional carriers for independent agents, enterprise partners and real estate channels in Florida and other coastal markets ›

Dragoneer Investment Group agrees to take Steadfast Group private Agency & DistributionAUG 25

AUD$7.7B Enterprise Value · Steadfast Group – australia's largest general insurance broker network and underwriting agency group, providing market access, technology platforms, and back-office services to over 419 member brokerages across Australasia ›

Browse the full register →

SEARCH CONTACT

Thematic is a news publication, not an investment adviser. Nothing here is investment advice or a recommendation to buy or sell any security. Researched and compiled by Thematic; accuracy and completeness are not guaranteed.