Fundz

Amenli raised $2.3M in a funding round led by the European Bank for Reconstruction and Development to enhance its insurance solutions in Egypt.

PRIVATENov 18, 2024

Amount Raised

$2.3 Million

Round Type

Seed

MaadiInsurtechInsurance

Investors

Y CombinatorEuropean Bank For Reconstruction And Development

Description

Amenli secured $2.3 million in funding to accelerate growth and expand its insurance offerings in Egypt. This investment supports Amenli’s mission to modernize Egypt’s underpenetrated insurance sector.

Quick answer

Amenli raised $2.3 Million in a Seed round, dated November 18, 2024. Investors: Y Combinator and European Bank For Reconstruction And Development. Amenli is based in Maadi, Cairo, Egypt.

How much did Amenli raise?
Amenli raised $2.3 Million in a Seed round on November 18, 2024.
Who invested in Amenli?
Y Combinator and European Bank For Reconstruction And Development are named as investors in this round.
What does Amenli do?
Amenli is an innovative insurance technology company focused on modernizing Egypt's insurance sector.
Where is Amenli based and how big is it?
Amenli is based in Maadi, Cairo, Egypt. Fundz records about 66 employees.
Who are the decision-makers at Amenli?
Fundz holds 2 contacts at Amenli. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Insurtech and Insurance around the same time

Companies in the same sectors as Amenli that raised within 45 days of this round, from Fundz verified event records.

  • Jove Insurance raised $4.6M (Seed) on November 29, 2024.
  • DPL Financial Partners raised $23M on November 12, 2024.
  • Aurora raised an undisclosed amount (Seed) on October 25, 2024.
  • Pacific Life raised $3.7M (Seed) on January 1, 2025.
  • Insider Topco Ltd raised $350K (Seed) on January 1, 2025.
  • CMN Summit raised $16K (Pre-Seed) on December 31, 2024.

Who to call at Amenli, and when

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  • Who you already know at Amenli, from your own LinkedIn network

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Company Information

Company

Amenli

Location

Maadi, Cairo, Egypt

About

Amenli is an innovative insurance technology company focused on modernizing Egypt's insurance sector. It aims to enhance customer experience by leveraging AI-driven solutions to streamline insurance processes for individuals, families, and SMEs. With a mission to increase insurance penetration in a historically low market, Amenli positions itself as a vital player in the digital transformation of the industry. The company is committed to diversifying its distribution channels and expanding its product offerings to cater to an untapped market.

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Amenli raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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