Egypt: Sehatech Raises $1.1m to Expand Health Insurance Platform
Egypt-based insurtech SehaTech has raised $1.1 million in a seed round led by Ingressive Capital, bringing its total funding to $2 million.
SehaTech uses artificial intelligence to automate medical approvals, claims, and billing for insurers and healthcare providers.
The new capital will support team expansion, regional growth, and further development of SehaTech's AI automation tools.
- The round also included Plus VC, strategic angel investors, and existing backers A15, Beltone Venture Capital, and an industry veteran.
- Founded in 2022 by Mostafa Tarek, Mohamed Elshabrawy, and Omar Shawky.
The company says its platform helps cut administrative costs, reduce fraud, and improve transparency in the health insurance process.
Author's summary: SehaTech raises $1.1m for health insurance platform expansion.