Tech Company Financing Transactions
Naked Insurance Funding Round
Naked Insurance, operating out of Johannesburg, scored $17 million from IFC, DEG and Hollard Insurance.
Transaction Overview
Company Name
Announced On
2/15/2023
Transaction Type
Venture Equity
Amount
$17,000,000
Round
Series B
Investors
Proceeds Purpose
The funding presents Naked with an opportunity to improve its AI and use it to grow Africa's insurance market worth over $68 billion in annual gross written premiums. South Africa makes up 70% of this market, with an annual gross written premiums market of over $47 billion. However, only a fraction of personal insurance is sold without human intervention.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
The Pines, 9 Gordon Hill Road Parktown
Johannesburg, 2193
SA
Johannesburg, 2193
SA
Phone
Website
Email Address
Overview
Naked is the future of insurance. We've rebuilt the entire process from the ground up to make insurance easier and quicker than ever before. Customers get a quote in 90 seconds, all online, and sign up instantly without ever having to speak to a call centre agent. A fully digital insurance experience from sign up to claims.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Technical Officer
Jade Venter
Co-Founder
Sumarie Greybe
Co-Founder
Ernest North
Co-Founder
Alex Thomson
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