South Africa tech startup InvestSure raises $685k funding round
South African insurtech startup InvestSure has raised ZAR9.6 million (US$685,000) in funding to broaden its offering and expand into new markets.
Launched in May of last year, InvestSure is an insurance offering for investors, protecting shareholders against losses in shares of listed companies caused by allegations of management misleading or deceiving shareholders.
The funding has been secured from Hannover Re Africa subsidiaries Lireas Holdings and Compass Insure, as well as venture capital firm 4Di Capital, following two years of incubation at Compass Insure, and totals ZAR9.6 million (US$685,000).
InvestSure said the direct investment from the specialist insurer was a big statement on the potential impact it could have in the market as it becomes available across a ...