Egyptian InsurTech company SehaTech has raised $1.1m in a seed funding round to expand its AI-centred platform that streamlines and automates health insurance administration.
The new investment brings SehaTech’s total funding to $2m, the company said in a statement.
The round was led by Ingressive Capital, with participation from Plus VC, a group of strategic angel investors, and existing backers A15 and Beltone Venture Capital.
With the new funding, SehaTech plans to scale its team, expand its operations across Egypt and the broader region, and enhance its platform with deeper AI capabilities and automation tools.
Founded to improve the management of health insurance, SehaTech offers a full-stack, proprietary platform that fully automates workflows, aiming to eliminate operational inefficiencies, reduce friction between insurers and healthcare providers, and combat fraud and abuse.
The company stated that it also aims to address the low health insurance penetration in Egypt and other parts of the region by laying the groundwork for a more inclusive, accessible, and financially sustainable healthcare system.
“Our goal is not only to fix the operational inefficiencies in medical insurance processing but also to expand access to quality health coverage,” said Mr Mohamed Elshabrawy, founder & CEO of SehaTech. “This funding will help us continue building the tools needed to reduce friction between insurers and providers—and ultimately make health insurance more available to the millions who are underserved today.”