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Kenyan Insurtech Lami Raises $3.7M Seed Extension Led By Harlem Capital

PRIVATEAug 02, 2022

Amount Raised

$3.7 Million

Round Type

Seed

KenyaInsurance

Description

Right from the launch of its first product in 2020, Kenyan insurtech Lami Technologies set out to increase insurance penetration in Kenya and the rest of Africa. They began on this path by building and distributing an end-to-end digital insurance platform and API that allowed businesses in different sectors to create tailored insurance solutions for their customers.

Quick answer

Lami Technologies raised $3.7 Million in a Seed round, dated August 2, 2022. Lami Technologies is based in Kenya.

How much did Lami Technologies raise?
Lami Technologies raised $3.7 Million in a Seed round on August 2, 2022.
What does Lami Technologies do?
With its API platform gaining ground in the insurance space, the startup is also planning to provide tech solutions that will digitize agents and brokers too, helping them streamline their operations — to reach a wide..
Where is Lami Technologies based and how big is it?
Lami Technologies is based in Kenya.

Source: Fundz verified event record.

Who else raised in Insurance around the same time

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

  • Federato raised $15M (Funding Round) on September 16, 2022.
  • Planck raised $71M (Funding Round) on September 14, 2022.
  • Patra raised $146M (Private Equity) on September 13, 2022.
  • The Green Coffee Company raised $100M (Series C) on September 8, 2022.
  • Mile Auto raised $4M (Seed) on August 9, 2022.
  • SiriusPoint raised $3M (Seed) on July 28, 2022.

Who to call at Lami Technologies, and when

A new round usually means Lami Technologies is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
  • Who you already know at Lami Technologies, from your own LinkedIn network

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Company Information

Company

Lami Technologies

Location

Kenya

About

With its API platform gaining ground in the insurance space, the startup is also planning to provide tech solutions that will digitize agents and brokers too, helping them streamline their operations — to reach a wide customer base and sell online. Speaking to Techcrunch, Lami’s founder and CEO, Jihan Abass, further announced plans to offer additional insurance product lines, while also revealing that the startup has made an entry into Egypt and Nigeria. This has helped it grow its portfolio to 85,000 from 70,000 policies at the end of 2021, and quadrupled the premiums underwritten to $800,000 last year — the company predicts that this will grow to over $2 million this year.

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Lami Technologies 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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