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Top 30 InsurTech VC Funds & Investors in Nigeria (May 2026)

The most active venture capital funds investing in Nigeria InsurTech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Nigeria InsurTech startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Tencent
VC Fund
3 China, United States, United Kingdom Series B, Series A, Series C Software, Financial Services, E-Commerce $3.5M–$385M
Atlantica Ventures
VC Fund
2 Nigeria, Kenya, South Africa Pre-Seed, Seed, Series A Internet, B2B, Health Insurance $450k–$2.1M
BluePointe Ventures
VC Fund
2 United States, Mexico, Nigeria Seed, Series A, Series B Software, Information Technology, Artificial Intelligence $1.1M–$290M
Consonance Investment Managers
VC Fund
2 Nigeria, United States, Kenya Seed, Series A, Pre-Seed Software, Information Technology, FinTech $50k–$2.5M
Ventures Platform
VC Fund
2 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $50k–$4.4M
Kepple Africa Ventures
VC Fund
2 Nigeria, Kenya, Egypt Seed, Pre-Seed Financial Services, FinTech, Software $100k–$4.5M
AAIC Investment
VC Fund
1 Egypt, Kenya, Nigeria Series A, Seed, Series B Health Care, Medical, E-Commerce $450k–$4.4M
Elefund
VC Fund
1 United States, United Kingdom, France Seed, Series A, Pre-Seed FinTech, Financial Services, Software $930k–$40M
Olive Tree Capital
VC Fund
1 United States, India, Nigeria Seed, Series A, Series C Health Care, FinTech, Financial Services $1.5M–$300M
Rockpool Capital
VC Fund
1 United States, Hong Kong, Israel Series A, Series B, Seed Blockchain, FinTech, Financial Services $809k–$359M
Pioneer Fund
VC Fund
1 United States, India, United Kingdom Seed, Series A, Pre-Seed Software, Health Care, E-Commerce $125k–$20M
Entrée Capital
VC Fund
1 United States, Israel, United Kingdom Seed, Series A, Series B Software, Financial Services, FinTech $1M–$50M
Fiat Ventures
VC Fund
1 United States, Canada, Nigeria Seed, Series A, Pre-Seed Financial Services, FinTech, InsurTech $500k–$29M
Partech
VC Fund
1 United States, France, Germany Series A, Seed, Series B Software, E-Commerce, Financial Services $1M–$54M
EchoVC Partners
VC Fund
1 United States, Nigeria, Kenya Seed, Series A, Pre-Seed Information Technology, E-Commerce, Software $200k–$30M
Graph Ventures
VC Fund
1 United States, Brazil, Canada Seed, Series A, Pre-Seed Software, Information Technology, E-Commerce $600k–$18M
Mobility 54
VC Fund
1 Kenya, Nigeria, Côte d'Ivoire Seed, Series A Financial Services, Transportation, Information Technology $3.2M–$13M
Tangerine Life
VC Fund
1 Nigeria Seed, Pre-Seed Financial Services, FinTech, Apps
Target Global
VC Fund
1 Germany, Israel, United Kingdom Series A, Seed, Series B FinTech, Financial Services, Software $2M–$100M
Blue Point Capital Partners
VC Fund
1 United States, France, Nigeria Private Equity, Seed B2C, Retail, FinTech
Launch Africa
VC Fund
1 Nigeria, South Africa, Kenya Seed, Pre-Seed Financial Services, FinTech, Information Technology $200k–$3M
BEENEXT
VC Fund
1 India, Japan, Indonesia Seed, Series A, Series B Software, E-Commerce, FinTech $500k–$51M
Golden Palm Investments
VC Fund
1 Nigeria, Egypt, Kenya Seed, Pre-Seed, Series A Information Technology, FinTech, Health Care $30k–$15M
Verraki Africa
VC Fund
1 Nigeria Pre-Seed InsurTech, Insurance, Auto Insurance
Kesho Capital
VC Fund
1 Nigeria Pre-Seed Payments, InsurTech, Insurance $500k–$780k
Picus Capital
VC Fund
1 Germany, United States, United Kingdom Seed, Series A, Pre-Seed Financial Services, FinTech, Software $500k–$33M
Newmont
VC Fund
1 Nigeria Pre-Seed Apps, FinTech, InsurTech
Picus Capital GmbH
VC Fund
1 Germany, Nigeria Seed mHealth, Hospital, InsurTech
TRADE X
VC Fund
1 Nigeria Pre-Seed InsurTech, Insurance, Auto Insurance
Western Technology Investment
VC Fund
1 United States, Canada, Nigeria Seed, Series A, Series B Software, Health Care, Information Technology $1M–$52M
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Investor list

Tencent
VC Fund · Shenzhen, Guangdong, China · 3 investments in Nigeria InsurTech startups, 33 in the past 12 months

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

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Investment focus

  • Industry: Software, Financial Services, E-Commerce
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 432
  • Round size: Series A $3.5M–$120M; Series B $15M–$200M; Series C $36M–$385M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • CMR Surgical — Welcome to CMR Surgical. Transforming surgery. For good. Our aim is to make the benefits of minimal access surgery available to everyone who needs it.
  • Enflame — Suiyuan Technology is a provider of neural network solutions for artificial intelligence. Its products are deep learning high-end chips developed for cloud data centers, and are positioned on artificial intelligence training platforms. The chip will adopt a unique and innovative architecture independently developed, featuring high computing power,high energy efficiency ratio, programmable, low cost, and support for mainstream machine learning frameworks. It is designed and optimized for cloud AI training.
  • Broken String Biosciences — Our platform accelerates the characterisation of novel gene editing technologies to unlock the next wave of cell & gene therapies.
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Atlantica Ventures
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Nigeria InsurTech startups

Are you looking for start-up funding for your business? Get in touch with Atlantica Ventures to get the kick-start your start-up needs.

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Investment focus

  • Industry: Internet, B2B, Health Insurance
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Nigeria, Kenya, South Africa

Investor stats

  • Total investments: 8
  • Round size: Pre-Seed $450k–$2.1M
  • Lead/follow: 67% lead, 33% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2021

Portfolio highlights

  • OnePipe — OnePipe aggregates APIs from banks and fintechs into a standardized gateway that is easy to integrate and makes partnerships seamless.
  • Sendmarc — Stop cyber criminals from sending emails using your domain and protect your customers, suppliers and employees from cyber attacks with DMARC Security.
  • Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.
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BluePointe Ventures
VC Fund · San Francisco, California, United States · 2 investments in Nigeria InsurTech startups

We look for enablers of change that could have a meaningful impact to the Human Experience.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: United States, Mexico, Nigeria

Investor stats

  • Total investments: 60
  • Round size: Seed $1.1M–$1.2M; Series A $4M–$20M; Series B $15M–$290M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • AiSDR — Create and send email campaigns on auto-pilot. Move prospects down the funnel faster with the help of AI. Build-up your pipeline in days with AiSDR. Reduce costs by 90%.
  • Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
  • Leadsales — Leadsales es el primer CRM para Redes Sociales para integrar tus mensajes de WhatsApp Facebook e Instagram en una plataforma multiagente
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Consonance Investment Managers
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Nigeria InsurTech startups

We are an investment company focused on helping early and growth-stage entrepreneurs build successful companies in Africa.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 30
  • Round size: Seed $550k–$2.5M; Pre-Seed $450k–$1M; Series A $50k–$1.3M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Releaf — We are industrializing food processing in Africa. We've led 1000+ smallholder farmers to provide food factories with >7.5 million kilograms of quality crops.
  • Tripesa — Tripesa offers payment solutions for Africa's travel and tourism industry.
  • Norebase — Norebase knows that there's an opportunity to grow successful businesses in Africa. It also understands the complexities of the market, and so is using technology to make doing business in Africa worthwhile. With Norebase get to operate in Africa with no hassle and with minimum risk.
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Ventures Platform
VC Fund · Abuja, Federal Capital Territory, Nigeria · 2 investments in Nigeria InsurTech startups, 15 in the past 12 months

Ventures Platform Fund is a discovery fund that invests early in mission-driven founders that are building capital-efficient platforms that democratise prosperity, plug infrastructural gaps, connect underrepresented communities, solve for non-consumption, and improve livelihoods in Africa.

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Investment focus

  • Industry: Financial Services, FinTech, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 127
  • Round size: Seed $325k–$4.4M; Pre-Seed $50k–$1.1M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $46M in 2022

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Traction Apps — Traction apps provide businesses end to end tools they need to run and grow their businesses.
  • Remedial Health — We improve business to business access to medicines by providing such medicines from manufactures/registered distributors direct to large and small healthcare retail businesses (large pharmacies and remote chemist/PPMVs (Patent and Proprietary Medicine Vendors)) using technology to deliver just-in-time stock and provide financing and awide selection of inventory to such retail business.
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Kepple Africa Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Nigeria InsurTech startups

Kepple Africa Ventures is an early-stage venture capital firm.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, Kenya, Egypt

Investor stats

  • Total investments: 74
  • Round size: Seed $500k–$4.5M; Pre-Seed $100k–$3.7M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
  • Carry1st — Carry1st develops and publishes enriching mobile games and content apps for African consumers.
  • Beacon Power Services — Beacon Power Services is a utility company that provides energy management software and analytics for utilities.
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AAIC Investment
VC Fund · Singapore, Central Region, Singapore · 1 investments in Nigeria InsurTech startups

We will continue to invest and support the growth of innovative companies towards sustainable economic growth and solving social issues.

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Investment focus

  • Industry: Health Care, Medical, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: Egypt, Kenya, Nigeria

Investor stats

  • Total investments: 18
  • Round size: Seed $450k–$2.5M; Series A $3M–$4.4M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Aumet — Aumet allows medical manufacturers and distributors increase their sales by sharing hospital inquiries, business news, search for products, and find potential clients.Manufacturers and distributors who work together connect and get verified so they share hospital inquiries, market business news between each other .Suppliers list their productsand connect with distributors who sell these products and select countries, where they are looking for distributors, in the meantime distributors, connects with their suppliers, search for new product and list their interests.
  • Zanifu — The zanifu platform, allows small retailers in Sub Saharan Africa, to procure inventory from their suppliers & pay later.
  • Credable — Credable is the Digital Banking Platform that is driving the future of banking by embedding financial services in businesses across emerging markets.
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Elefund
VC Fund · Mountain View, California, United States · 1 investments in Nigeria InsurTech startups

Founded in July 2015, Elefund is a US-based venture capital firm with its headquarters in Mountain View, California. The firm has invested in several well-known companies whose products and services have benefited millions of people all over the world and created thousands of jobs.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 47
  • Round size: Seed $930k–$5M; Series A $10M–$40M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
  • StretchDollar — The simplest, most affordable health benefit option for small businesses. More control over your budget and more choice for your people. Get started today!
  • Stakeholder Labs — Stakeholder Labs builds enterprise software to help companies measure and increase retail investor engagement. Its flagship product, Roundtable, enables companies to verify shareholders, measure their customer loyalty and offer unique shareholder rewards. To learn more about Stakeholder Labs, please visit stakeholderlabs.com.
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Olive Tree Capital
VC Fund · Boston, Massachusetts, United States · 1 investments in Nigeria InsurTech startups

Olive Tree Capital started as the foreign investment arm of the single member family office. With a diverse mandate, we are able to seek worthwhile global investment opportunities without asset class restrictions; we seek public market opportunities with discrepancies between market perception and fundamental reality, and we enjoy privatelyinvesting in and collaborating with partners who share our passion, dedication, and clarity. More philosophically, we live by the Golden Rule; thus, we especially love entrepreneurs, artists, and businesses that are positively contributing to humanity in parallel with pursuing profitability.

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Investment focus

  • Industry: Health Care, FinTech, Financial Services
  • Stage:Seed, Series A, Series C
  • Geography: United States, India, Nigeria

Investor stats

  • Total investments: 44
  • Round size: Seed $1.5M–$4.5M; Series A $8M–$28M; Series C $50M–$300M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
  • AOA — AOA based in Boston, New York, and London developing cancer diagnostics in the field of women’s health.AOA is a female-led company, is committed to bringing the first accurate early-stage liquid biopsy ovarian cancer diagnostic test to market that will improve clinical practice, help reduce patient mortality and deliver cost savings to payers.
  • Craniometrix — Catch Alzheimer's 3x as accurately as a doctor & 10 years before symptoms. All in 5 minutes on your computer!
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Rockpool Capital
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Nigeria InsurTech startups

We are a multi-family office platform with a highly active ecosystem of financial institutions and partners to provide customized wealth management services. Rockpool’s unique in-house Chief Investment Office (CIO) is a part of our DNA, ensuring institutional rigor is firmly at the heart of everything that we do. Established in 2017 by a team ofexperienced investment professionals, Rockpool Capital is guided by its founding vision to connect, serve, and champion the unique and changing investment needs of Asia’s emerging and next generations.

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Investment focus

  • Industry: Blockchain, FinTech, Financial Services
  • Stage:Series A, Series B, Seed
  • Geography: United States, Hong Kong, Israel

Investor stats

  • Total investments: 25
  • Round size: Seed $809k–$2.3M; Series A $3.5M–$359M; Series B $18M–$90M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bishop Fox — Bishop Fox, the leader in offensive security, continuous pen testing, red teaming, attack surface management, and traditional security assessments.
  • Aspen Digital — Aspen Digital is the gateway to Digital Asset allocation, an innovative technology-driven platform that empowers asset and wealth managers to offer / invest into digital asset products with confidence.
  • FreeWire Technologies — FreeWire Technologies provides smart battery systems for EV charging and mobile distributed power. It provides clean, quiet mobile power, and fast charging that’s available and easy to deploy. The company's products deliver power wherever and whenever users need it, without the added costs of construction or infrastructure upgrades. Thecompany merges designs with convenient services to electrify industries formerly dependent on fossil fuels. FreeWire customers can tackle new applications and execute new business models without the complexity of upgrading traditional energy infrastructure.It also creates beautifully designed products and convenient services to electrify industries formerly dependent on fossil fuels. Their comprehensive solutions provide energy delivery and management that customers can rely on every day. The company is backed by venture capital firms and global fortune 500 companies.FreeWire Technologies was founded in 2014 and is headquartered in San Leandro, California.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Pioneer Fund
VC Fund · San Francisco, California, United States · 1 investments in Nigeria InsurTech startups, 30 in the past 12 months

300+ YC alumni investing in the top YC startups

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Investment focus

  • Industry: Software, Health Care, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 165
  • Round size: Seed $125k–$4.5M; Pre-Seed $125k–$1.1M; Series A $8.6M–$20M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Pirros — Pirros is a first real Detail Management System for Architects and Engineers. Store all your details easily. Manage your team's library and continuously improve your details from project to project. Directly integrated with Autodesk Revit
  • Persist AI — Persist AI develops PLGA microspheres for long-acting injectable formulations 50% faster using automation and AI.
  • Anchor — Anchor is a Lagos-based banking-as-a-service platform for African businesses. Anchor provides APIs and infrastructure to build, embed and launch powerful financial products in a secure and scalable way.
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Entrée Capital
VC Fund · London, England, United Kingdom · 1 investments in Nigeria InsurTech startups, 9 in the past 12 months

We're a team of former serial founders managing over $1B across a number of funds, with offices in Tel Aviv, London, and New York.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: United States, Israel, United Kingdom

Investor stats

  • Total investments: 203
  • Round size: Seed $1M–$12M; Series A $3.7M–$25M; Series B $7.8M–$50M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Cypago — End-to-end intelligent compliance solution for any security standard including SOC 2, ISO 27001, SOX-ITGC, and HIPAA
  • Swapp — Real estate developers, architects and engineers use Swapp to design buildings in a smart, flexible and efficient process.
  • NVision Imaging Technologies — NVision Imaging Technologies is leveraging advances in quantum physics to enable the first routine, convenient and affordable use of Magnetic Resonance Imaging (MRI) for assessing early patient response to cancer treatment at the metabolic level.
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Fiat Ventures
VC Fund · San Francisco, California, United States · 1 investments in Nigeria InsurTech startups

Fiat Ventures invests in the future of fintech.

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Investment focus

  • Industry: Financial Services, FinTech, InsurTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Canada, Nigeria

Investor stats

  • Total investments: 17
  • Round size: Seed $1.9M–$5.8M; Pre-Seed $500k–$4M; Series A $10M–$29M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Splitero — Access your home equity. Better your life. We provide cash today for a share of your home's appreciation. Apply today. Qualify in 2 minutes.
  • StellarFi — We Pay Your Bills, So YouCan Build Credit. With Stellar your bills are paid on time and on your terms.
  • Sunfish Technologies, Inc — Sunfish: Financial Solutions for all journeys to parenthood
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Partech
VC Fund · Paris, Ile-de-France, France · 1 investments in Nigeria InsurTech startups, 29 in the past 12 months

Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: United States, France, Germany

Investor stats

  • Total investments: 432
  • Round size: Seed $1M–$5.6M; Series A $2.5M–$25M; Series B $8M–$54M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • CO2 AI — Empowering decision-makers to sustain our world via advanced software that shifts carbon emissions reduction from the theoretical to the impactful.
  • UpSlide — Produce high-quality reports and presentations faster in PowerPoint, Excel and Word. Save up to 8h each month in just a few clicks!
  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
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EchoVC Partners
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria InsurTech startups

EchoVC Partners is a seed and early-stage venture capital firm focused on financing and cross-pollinating leading technologies, teams, business models, and knowledge across North America, Africa, and SE Asia. The average investment size ranges from $25,000 to several million dollars depending on the stage of opportunity and capital needs of thebusiness.

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Investment focus

  • Industry: Information Technology, E-Commerce, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Nigeria, Kenya

Investor stats

  • Total investments: 47
  • Round size: Seed $200k–$4M; Pre-Seed $400k–$1.6M; Series A $4.3M–$30M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $8M in 2023

Portfolio highlights

  • Shuttlers — Shuttlers is a platform that offers mobility solutions by providing scheduled bus-sharing services for the professionals within the region.
  • Snowstorm — Snowflake is decentralized and is deployed as a pluggable transport for Tor.
  • Senga Technologies — Welcome to Senga, custom-built, with love, for businesses shipping in Africa.
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Graph Ventures
VC Fund · Palo Alto, California, United States · 1 investments in Nigeria InsurTech startups

Graph Ventures is an investment group that specializes in seed and early-stage venture investments. It was founded in 2011. Investments include: * BetterUp * Birdies * BlueApron * Dapper Labs * Earnin * Envoy * Hinge * Houseparty * Ipsy * Loft * Lever * Lingokids * Moon Express * Papaya * PicsArt * Porch * Quinto Andar * RideOS * Saildrone *Very Good Security * VivaReal * Zeplin

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Brazil, Canada

Investor stats

  • Total investments: 135
  • Round size: Seed $800k–$5.1M; Pre-Seed $600k–$1.7M; Series A $4M–$18M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Koltin — Koltin offers preventive, accessible health plans focused on people.
  • Birdstop — Fully automated aerial imaging on your field assets through AI powered drones.
  • Lex — Lex is a lo-fi, text-based social app for womxn, trans, genderqueer, intersex, two spirit, and non-binary people for meeting lovers and friends. Lex—short for lexicon—is the only social app where the text comes first and the selfies, second.
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Mobility 54
VC Fund · 1 investments in Nigeria InsurTech startups

Mobility 54 is a joint venture among Toyota Tsusho Corporation and CFAO.

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Investment focus

  • Industry: Financial Services, Transportation, Information Technology
  • Stage:Seed, Series A
  • Geography: Kenya, Nigeria, Côte d'Ivoire

Investor stats

  • Total investments: 13
  • Round size: Seed $3.2M–$13M; Series A $6.1M–$6.3M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • BasiGo — BasiGo is an early-stage e-mobility start-up looking to revolutionize the public transportation sector by providing matatu owners with a cost-effective electric alternative to diesel buses.
  • Tugende — Tugende helps motorcycle taxi drivers own their own motorcycles in eighteen months or less instead of renting indefinitely. Ownership significantly increases income, job security and road safety.
  • ETAP — ETAP is a digital insurance application that allows you to set up your car insurance in just 90 seconds.
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Tangerine Life
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria InsurTech startups

Your financial partner and so much more. Free transfers, savings, loans, insurance, pensions and many other things at your finger tips.

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Investment focus

  • Industry: Financial Services, FinTech, Apps
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Credpal — Buy now, pay later. Split in 6.
  • OmniBiz — Omnibiz is a digital platform for small businesses willing to attract new customers.
  • ETAP — ETAP is a digital insurance application that allows you to set up your car insurance in just 90 seconds.
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Target Global
VC Fund · Berlin, Berlin, Germany · 1 investments in Nigeria InsurTech startups, 17 in the past 12 months

Target Global is a venture capital firm that invests in tech companies across their lifecycles. Target Global follows a lifecycle approach, investing in tech companies. Their partners have been investing for more than 15 years in the digital technology space, backing some of the European success stories.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Seed, Series B
  • Geography: Germany, Israel, United Kingdom

Investor stats

  • Total investments: 179
  • Round size: Seed $2.7M–$14M; Series A $2M–$32M; Series B $9.5M–$100M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Lepaya — Lepaya boosts employee development with Power Skills training. Join the learning curve of a lifetime. Look at our Tracks!
  • luca — Your digital life is shaped by people who think they know you.
  • Communion — Build your buffer against the world and fix your relationship with money.
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Blue Point Capital Partners
VC Fund · Charlotte, North Carolina, United States · 1 investments in Nigeria InsurTech startups

Blue Point is a private equity firm that partners with entrepreneurs and management teams investing in and growing lower middle-market companies.

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Investment focus

  • Industry: B2C, Retail, FinTech
  • Stage:Private Equity, Seed
  • Geography: United States, France, Nigeria

Investor stats

  • Total investments: 5
  • Lead/follow: 60% lead, 40% follow
  • Last fund: May invest from a new fund soon — raised $700M in 2017

Portfolio highlights

  • Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
  • Siffron — siffron provides retail merchandising and custom display solutions.With more than 60 years of retail expertise, siffron has more than 6,000 retail fixtures, store shelving, shelf management systems, and stock displays.
  • Europa Eyewear — Europa is an eyewear company which is proud to craft products and policies focused on supporting likeminded, independent eye care professionals
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Nigeria InsurTech startups, 18 in the past 12 months

Launch Africa is a leading Pan-African VC fund solving the significant funding gap in the Seed and pre-Series A investment landscape in Africa.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, South Africa, Kenya

Investor stats

  • Total investments: 131
  • Round size: Seed $200k–$3M; Pre-Seed $200k–$1M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Zanifu — The zanifu platform, allows small retailers in Sub Saharan Africa, to procure inventory from their suppliers & pay later.
  • Fixit45 — Your best ever automobile service experience awaits you.
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BEENEXT
VC Fund · Singapore, Central Region, Singapore · 1 investments in Nigeria InsurTech startups, 14 in the past 12 months

BEENEXT is a Venture Capital fund managed by serial entrepreneurs that focuses on assisting founders with its operational experience, network, trust, unique perspectives, and the capital. The team invests in early-stage tech start-ups that are focused on building the new digital platforms driven by the data network. BEENEXT aims to establish aplatform of founders, by the founders and for the founders across the globe, primarily in South East Asia, India and Japan. Since its establishment in 2015, the team has invested in over 180 companies globally.

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: India, Japan, Indonesia

Investor stats

  • Total investments: 222
  • Round size: Seed $500k–$11M; Series A $3M–$28M; Series B $4.6M–$51M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • FoodMap — FoodMap is a startup with the goal of connecting customers with ethical farmers and food suppliers directly.
  • Gushwork — Gushwork provides a platform for small and medium businesses to get on-demand access to cross-border, AI-augmented remote workforce. They are enabling a one-click process for businesses to delegate or automate their day to day mission-critical business workflows.
  • StepChange — Discover StepChange, India's best platform for ESG management. Measure, analyse, report, and reduce emissions. Request a free demo to get started!
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Golden Palm Investments
VC Fund · Accra, Greater Accra, Ghana · 1 investments in Nigeria InsurTech startups

Golden Palm Investments is an investment holding and advisory company.

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Investment focus

  • Industry: Information Technology, FinTech, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, Egypt, Kenya

Investor stats

  • Total investments: 54
  • Round size: Seed $2M–$13M; Pre-Seed $30k–$6.5M; Series A $2M–$15M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Sabipay — Pastel is a leader in Artificial Intelligence. We build products targeted at individuals (SwiftMoney) and enterprises (Sigma) in emerging markets
  • Maplerad — Maplerad is a fast, safe and easy way to send and receive money with friends, family or others you trust. You can receive and send money directly into any Nigerian bank account in minutes using Bitcoin, US Dollars, and Naira.
  • Jetstream Africa — Jetstream is a supply chain platform that powers freight forwarding and global exports for African suppliers. With tracking and consolidated (LCL) shipping Jetstream levels the playing field for access to international trade for African SMEs with the click of a button.
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Verraki Africa
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria InsurTech startups

job listings near me Start with the building block of all narrative. Text settings medadvice

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Investment focus

  • Industry: InsurTech, Insurance, Auto Insurance
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Octamile — Octamile is Africa's best Embedded Insurance & Claims Automation solution for Insurers & B2C businesses. Get a quote today...
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Kesho Capital
VC Fund · London, England, United Kingdom · 1 investments in Nigeria InsurTech startups

Kesho Capital invests in start-up and early-stage companies with a mission to resolve global problems and provide value.

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Investment focus

  • Industry: Payments, InsurTech, Insurance
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $500k–$780k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Klump — Use Klump to buy today, and pay in 4 equal instalments over 3 months! Businesses accept payments and increase conversion rate and revenue. The Easy Life! Try it now.
  • Octamile — Octamile is Africa's best Embedded Insurance & Claims Automation solution for Insurers & B2C businesses. Get a quote today...
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Picus Capital
VC Fund · Munich, Bayern, Germany · 1 investments in Nigeria InsurTech startups, 27 in the past 12 months

Picus Capital is an early-stage technology investment firm with a long-term investment philosophy. We work together with daring technology companies to build successful, global companies challenging the status quo and shaping tomorrow.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 274
  • Round size: Seed $1.2M–$9.4M; Pre-Seed $500k–$4.4M; Series A $3.5M–$33M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Vega — The comprehensive wealth creation platform for high-net-worth individuals and their advisors. Vega bridges the gap between the institutional and private wealth management worlds.
  • Komet Games — A casual gaming platform powered by intelligent AI agents. Explore puzzle, battle, and hyper casual games with friends, all under one roof.
  • Spot My Energy — Spot My Energy increases the value of smart power by increasing transparency in energy flows and handling metering, asset optimization, and trading.
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Newmont
VC Fund · Denver, Colorado, United States · 1 investments in Nigeria InsurTech startups

Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead

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Investment focus

  • Industry: Apps, FinTech, InsurTech
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ETAP — ETAP is a digital insurance application that allows you to set up your car insurance in just 90 seconds.
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Picus Capital GmbH
VC Fund · 1 investments in Nigeria InsurTech startups

Seed round investor

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Investment focus

  • Industry: mHealth, Hospital, InsurTech
  • Stage:Seed
  • Geography: Germany, Nigeria

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Reliance Health — Reliance Health is a healthcare company using technology to make healthcare more affordable and accessible. Using an integrated approach that includes affordable health insurance, telemedicine, and a combination of partner and proprietary healthcare facilities.
  • Startup Insider — Startup Insider is an industry portal for the startup scene in Germany, Austria and Switzerland helping them grow.
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TRADE X
VC Fund · Mississauga, Ontario, Canada · 1 investments in Nigeria InsurTech startups

TRADE X offers Dealers an interactive and fully encompassing global automotive trading platform.

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Investment focus

  • Industry: InsurTech, Insurance, Auto Insurance
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Octamile — Octamile is Africa's best Embedded Insurance & Claims Automation solution for Insurers & B2C businesses. Get a quote today...
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Western Technology Investment
VC Fund · Portola Valley, California, United States · 1 investments in Nigeria InsurTech startups, 12 in the past 12 months

Since 1980, WTI has helped more than 1,300 companies across every innovation sector finance their growth while minimizing dilution.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Nigeria

Investor stats

  • Total investments: 185
  • Round size: Seed $1M–$8.6M; Series A $1.3M–$20M; Series B $8M–$52M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — last raise in 2013

Portfolio highlights

  • Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.
  • Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.
  • Intuition Robotics — Intuition Robotics empowers older adults to live happier, healthier and independent lives at home with an empathetic digital companion, ElliQ.
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InsurTech VC funding in Nigeria at a glance

Stats across 18 deals from 47 investors.

47
investors
in Nigeria InsurTech startups
18
deals
in Nigeria InsurTech startups
$375k
median round
in Nigeria InsurTech startups
30%
lead investors
lead at least one round
50%
Pre-Seed
most common funding stage

Access all 47 VC funds in Nigeria InsurTech startups.

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