Tech Company Financing Transactions
MyCover.ai Funding Round
MyCover.ai secured a $1.3 million Seed financing round on 7/19/2023. Backers included Ventures Platform, Founders Factory and Techstars.
Transaction Overview
Company Name
Announced On
7/19/2023
Transaction Type
Venture Equity
Amount
$1,250,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to bolster its in-house operations and tech talent, invest in its proprietary technology and strategically expand its operations into other African markets.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
Plot 8, Providence Street, Lekki Phase 1
Lagos, 106104
NG
Lagos, 106104
NG
Phone
Website
Email Address
Overview
MyCover.ai is Africa's leading insurance infrastructure platform. We leverage artificial intelligence and machine learning to scale insurance penetration across the continent. Through our retail channel MyCoverGenius, we provide product-focused and technology-driven policies targeted at deepening insurance adoption in Africa; creating unique and relevant products in partnership with leading insurance companies. To us, insurance is not just about policies, it is Africa's surest safety net!
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Adebowale Banjo
Chief Technical Officer
Fred Ebho
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Our team works diligently to document tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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