Fundz

Ifc Leads $17M Investment In South African Insurtech Naked

PRIVATEFeb 15, 2023

Amount Raised

$17 Million

Round Type

Venture

South AfricaFintechInsurtechInsurance

Investors

TuracoNaspersHollardYellowwoodsGerman Development Finance InstitutionInternational Finance Corporation

Description

Naked, a South African insurtech company that helps consumers to insure their cars, homes, and valuables, has raised $17 million in Series B funding led by the International Finance Corporation (IFC).

Quick answer

Naked Insurtech raised $17 Million in a funding round, dated February 15, 2023. Investors: Turaco, Naspers, Hollard, Yellowwoods, German Development Finance Institution and International Finance Corporation. Naked Insurtech is based in South Africa.

How much did Naked Insurtech raise?
Naked Insurtech raised $17 Million in a funding round on February 15, 2023.
Who invested in Naked Insurtech?
Turaco, Naspers, Hollard, Yellowwoods, German Development Finance Institution and International Finance Corporation are named as investors in this round.
What does Naked Insurtech do?
Naked Insurtech is a South African startup established in 2018 that offers AI-driven, fully digital insurance solutions for cars, homes, and personal items.
Where is Naked Insurtech based and how big is it?
Naked Insurtech is based in South Africa.

Source: Fundz verified event record.

Who else raised in Fintech and Insurtech around the same time

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

  • Acko raised $120M (Funding Round) on March 29, 2023.
  • Curacel raised an undisclosed amount (Funding Round) on February 14, 2023.
  • Coverdash raised an undisclosed amount (Seed) on January 23, 2023.
  • Honeycomb raised $50M on March 31, 2023.
  • AcreTrader raised an undisclosed amount (Funding Round) on March 30, 2023.
  • Finverity raised $5.2M (Funding Round) on March 30, 2023.

Who to call at Naked Insurtech, and when

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

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Company Information

Company

Naked Insurtech

Location

South Africa

About

Naked Insurtech is a South African startup established in 2018 that offers AI-driven, fully digital insurance solutions for cars, homes, and personal items. The company was founded by actuaries aiming to reshape the insurance industry through innovative technology and a unique business model that donates surplus profits to charity. Naked is the only fully digital insurer in South Africa, providing a seamless customer experience with rapid quote generation and claims processing. Their approach targets underserved markets, making insurance more affordable and accessible.

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Naked Insurtech 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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.