Kenyan Insurtech Lami Raises USD 3.7 Mn Seed Extension Round

Kenyan insurtech Lami Technologies has raised a USD 3.7 Mn seed extension round led by Harlem Capital. Other investors participating in the round include early-stage VC firm Newtown Partners, Peter Bruce-Clark, Caribou Honig, Jay Weintraub of InsureTech Connect, and senior members from Exotix Advisory.

The startup is a digital insurance network that allows partner businesses such as banks, tech firms, and other organizations to sell digital insurance products to their customers simply and seamlessly via its API. The funds will be used to hire, fast-track its expansion plans, and drive underwriter partnerships.