Nigeria’s Curacel Raises Funding To Power Insurance Offerings And Expand Into North Africa
Round Type
Funding Round
Investors
Description
As many as 2.8% of Africans are uninsured, which is less than half the global average of 6.3%, making it the least insured continent in the world. Despite the abysmal number, there’s some good news. According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America.
Quick answer
Curacel raised an undisclosed amount in a Funding Round round, dated February 14, 2023. Investors: Elefund, AAF Management, Y Combinator, Olive Tree Capital, Pioneer Fund, Blue Point Capital Partners, Tencent and Curacel.
- How much did Curacel raise?
- Curacel raised an undisclosed amount in a Funding Round round on February 14, 2023.
- Who invested in Curacel?
- Elefund, AAF Management, Y Combinator, Olive Tree Capital, Pioneer Fund, Blue Point Capital Partners, Tencent and Curacel are named as investors in this round.
- What does Curacel do?
- Curacel creates APIs that enable insurers to connect with digital distribution channels and to administer their claims cost-effectively.
Source: Fundz verified event record.
Who else raised in Insurtech and Insurance around the same time
Companies in the same sectors as Curacel that raised within 45 days of this round, from Fundz verified event records.
- Acko raised $120M (Funding Round) on March 29, 2023.
- Naked Insurtech raised $17M on February 15, 2023.
- Coverdash raised an undisclosed amount (Seed) on January 23, 2023.
- Honeycomb raised $50M on March 31, 2023.
- Neptune Flood raised $10M on March 10, 2023.
- Buddy Technology raised $7.2M on March 9, 2023.
Who to call at Curacel, and when
A new round usually means Curacel is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Curacel raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Curacel, from your own LinkedIn network
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Fundz sees it the moment Curacel raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Curacel 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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