Egypt Insurtech Startup Amenli Closes USD 2.3 Mn Seed Round

Amenli, a YC-backed startup that provides insurance services in Egypt, has received a USD 2.3 Mn seed round investment. GFC, P1 Ventures, Liquid2 Ventures, Anim Fund with Costanoa VC, Liquid2 Ventures, Cliff Angels, and other angel investors were among the investors in this round.

Amenli seeks to address the large untapped insurance market in Egypt. When users log onto its platform, they are asked to answer a few questions, and the answers provided determine what insurance plan life, medical, or motor to recommend.