MyCover.ai Secures $1.25M Pre-Seed Funding
Ventures Platform leads venture financing for Africa's top digital insurance infrastructure provider.
MyCover.ai, the insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a $1.25 million pre-seed funding round, today, led by Ventures Platform. The round included participation from Founders Factory Africa and TechStars, who are making a follow-on investment after the startup’s participation in its 2022 Toronto Accelerator program. MyCover.ai will use this capital injection to bolster its in-house operations and tech talent, invest heavily in its proprietary technology and strategically expand its operations into other African markets.
Founded in 2021, MyCover.ai is focused on addressing the pain points that exist in the African insurance market,...