- Headquarters
- Dubai
- Employees
- 11–50
- Founded
- 2015
- Business Model
- B2B
- Website
- democrance.com
- Total Funding
- $3.8M
- Last Round
- $3.0M Series ANov 2023
- Rounds
- 3
About
Democrance is a Dubai-based SaaS insurance technology platform founded in 2015 by Michele Grosso and Alberto Pérez that helps insurers and insurance brokers digitize the end-to-end insurance value chain, from product configuration to customer self-service. Serving clients such as AIG, AXA, and MetLife across 16+ emerging markets from Mexico to the Philippines, the platform supports micro-, retail, and commercial insurance across P&C, life, and health lines. Democrance's mission is to make insurance accessible and affordable to underserved populations through mobile-first digital channels, and in 2026 launched AI Teams — autonomous AI agents that support brokers, underwriters, and operations staff.
Summary
Democrance is a Fintech company based in Dubai, United Arab Emirates, founded in 2015. It has raised $3.8M in total across 3 rounds, most recently a $3.0M Series A round in Nov 2023. Investors include Global Ventures, Jabbar Internet Group and Eos Venture Partners.
Tech & App Stack
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Funding History
Nov 2023
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Seed through Series A — per-round amounts, valuations, and who invested in each round.
Investors
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