African insurtech Curacel raises $3m in seed funding

Curacel, a Lagos-based insurance infrastructure provider in Africa, has raised $3 million in seed funding to develop new technology solutions for the next generation of insurance experiences in Africa, and expand into North Africa.

The funding round included investors such as Tencent, AAF Management, Elefund, Blue Point Capital Partners, Pioneer Fund, Olive Tree Capital, Y Combinator, and other strategic investors.

Curacel makes it easier for insurers to distribute their products, automate their claims processes, and drive revenue growth through easy-to-use technology solutions that have been specifically designed to drive up insurance inclusion on the continent.