Tunisian Insurtech Startup Avidea Raises USD 696 K Funding

Avidea, a Tunisian digital insurance startup, has raised 2 million dinars (USD 696 K) in Pre-Series A funding round led by Capsa Capital Partners, one of Tunisia’s largest private equity firms, and the specialist investment vehicle 216 CAPITAL FUND I, which is managed by 216 CAPITAL ADVENTURES.

AVIDEA is a startup that specializes in the digitalization of vehicle claims handling and the fight against fraud. It was founded in 2017. Its main goal is to assist insurance companies in lowering the cost of automotive claims while improving the customer experience. The new funding will be used to hire more talent, expand the product’s functional scope as well as expand to new markets.