Egypt’s SehaTech raises $1.1m to digitise health insurance administration
Ingressive Capital leads round alongside Plus VC and existing backers A15 and Beltone Venture Capital.
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SehaTech, an Egyptian insurtech company focused on streamlining and automating health insurance administration, has closed a $1.1 million Seed funding round, bringing its total funding to $2 million.
The round was led by Ingressive Capital, with participation from Plus VC, a group of strategic angel investors, as well as existing backers A15, Beltone Venture Capital, and a prominent industry veteran.
Founded to improve the management of health insurance, SehaTech offers a full-stack, AI-driven proprietary platform that automates workflows, eliminates operational inefficiencies, and reduces friction between insurers and healthcare providers. It also helps curb fraud and abuse. Beyond operational improvements, the company aims to address a broader challenge: low health insurance penetration in Egypt and much of the region.
“Our goal is not only to fix the operational inefficiencies in medical insurance processing but also to expand access to quality health coverage,” said Mohamed Elshabrawy, founder and CEO of SehaTech. “This funding will help us continue building the tools needed to reduce friction between insurers and providers – and ultimately make health insurance more available to the millions who are underserved today.”
“SehaTech’s work is critical in solving a deeply entrenched problem at the heart of healthcare delivery – especially in regions where infrastructure gaps hinder access to quality services,” said Maya Horgan Famodu, founder and managing partner at Ingressive Capital. “Their platform isn’t just about automation – it’s about enabling healthcare financial inclusion, and we’re proud to support that mission.”
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