Naked raised $38M in a Series B funding round led by BlueOrchard to expand its insurance business and invest in AI.
Amount Raised
$38 Million
Round Type
Series B
South AfricaFintechInsurtechInsuranceInvestors
Description
South African Insurtech firm Naked has secured $38 million in its latest funding round. This Series B2 funding will accelerate its growth plans, enhancing automation, product expansion, and customer acquisition efforts.
Quick answer
Naked Insurtech raised $38 Million in a Series B round, dated January 21, 2025. Investors: BlueOrchard, Hollard, Yellowwoods, International Finance Corporation and Deg. Naked Insurtech is based in South Africa.
- How much did Naked Insurtech raise?
- Naked Insurtech raised $38 Million in a Series B round on January 21, 2025.
- Who invested in Naked Insurtech?
- BlueOrchard, Hollard, Yellowwoods, International Finance Corporation and Deg 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.
- Weecover raised $4.4M (Seed) on January 23, 2025.
- Olé Life raised $13M (Series B) on January 16, 2025.
- CoverForce raised $13M (Series A) on March 5, 2025.
- CompScience raised $28M (Series B) on February 27, 2025.
- Adaptive Insurance raised $5M (Seed) on February 25, 2025.
- Comulate raised $20M (Series B) on February 12, 2025.
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Funding Insights
What this usually meansNaked 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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