How much funding has Octamile raised?

Octamile has raised $500K in total funding, most recently a Pre-Seed round.

Who are Octamile's investors?

Octamile's investors include Echo Vc, Fiat Ventures, Plug and Play.

Where is Octamile headquartered?

Octamile is headquartered in Cairo, United States.

What industry is Octamile in?

Octamile operates in Insurtech.

Octamile

Africa's best embedded insurance infrastructure

Cairo, United States · Founded 2021 · $500K raised

Insurtech

Headquarters: Cairo
Employees: 1–10
Founded: 2021
Business Model: B2B

Website: octamile.com
Total Funding: $500K
Last Round: $500K Pre-SeedDec 2021
Rounds: 1

About

Octamile is an embedded insurance infrastructure company enabling insurers and digital businesses across Africa to modernize insurance distribution, claims automation, and customer onboarding. Their platform provides Embedded Insurance APIs for B2C digital platforms to distribute insurance as a native product feature, end-to-end claims automation software with fraud detection and remote inspections, and an Insurance Onboarding Hub for streamlined agent and client onboarding with KYC and vehicle verification. Octamile primarily serves the Nigerian market and is expanding across Africa, working with major insurers including AXA Mansard, Leadway, and First Bank Nigeria. The company was founded in Lagos, Nigeria in 2021 by Gbenro Dara and launched publicly in December 2022.

Summary

Octamile is an Insurtech company based in Cairo, United States, founded in 2021. It has raised $500K in total across 1 round, most recently a $500K Pre-Seed round in Dec 2021. Investors include Echo Vc, Fiat Ventures and Plug and Play.

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