Egyptian Insurtech Startup Nice Deer Raises USD 1 Mn Pre-Seed Round

Egypt-based insurtech, Nice Deer, raised USD 1 Mn in a pre-Seed funding round led by DisrupTech Ventures. Nice Deer will use the funds to expand its services such as providing health insurance solutions for SMEs, such as health savings accounts.

Nice Deer facilitates insurance and repayment of insurance claims between healthcare providers, health insurance companies, and beneficiaries. The startup also facilitates the approval & disbursement of medication, Radiology & Scan requests, taking into account the requirements of insurance documents and not exceeding the maximum disbursement limits for each beneficiary.