Venture firm Webrock Ventures announces that InsureTech portfolio company Olik has partnered with Guichê Web, Brazil's largest ticketing provider. In the first month of the partnership, Olik has sold over 12,000 policies, strengthening the company's position in Insurance as a Service (IaaS).

No financial value is given in the press release. Olik plans to launch two more partnerships soon. The InsureTech company is also active in Software as a Service (SaaS), working with insurance companies such as Seguros Unimed and Fairfax Seguros.

"2025 looks to be a very exciting year for Olik, with profitability expected already in the first quarter. We expect strong growth in both customer base and revenue, driven by our strong IaaS and SaaS offering. Olik is well positioned for long-term value creation for both our partners and customers", says Marcio Magnaboschi, CEO and founder of Olik.

Brazil is the largest economy in South America.