Pineapple
Series B in 2023
Pineapple Tech Pty Ltd is a South African company that operates a peer-to-peer insurance platform, providing short-term insurance coverage to its members. Founded in 2017 and based in Johannesburg, the company allows users to pay and track their premiums online while selecting their preferred network for pooling. Pineapple aims to innovate the insurance experience by aligning incentives with users, offering transparency about premium usage, and returning any unused premiums to members. The platform simplifies the insurance process, enabling users to obtain coverage quickly, often in under 60 seconds, by utilizing AI technology. Pineapple launched its "My Stuff" per-item insurance in 2018 and expanded its offerings to include "My Ride" for auto insurance. The company has also formed a partnership with Travelers in the United States and provides a white-labeled version of its platform for that market.
Pineapple
Series A in 2021
Pineapple Tech Pty Ltd is a South African company that operates a peer-to-peer insurance platform, providing short-term insurance coverage to its members. Founded in 2017 and based in Johannesburg, the company allows users to pay and track their premiums online while selecting their preferred network for pooling. Pineapple aims to innovate the insurance experience by aligning incentives with users, offering transparency about premium usage, and returning any unused premiums to members. The platform simplifies the insurance process, enabling users to obtain coverage quickly, often in under 60 seconds, by utilizing AI technology. Pineapple launched its "My Stuff" per-item insurance in 2018 and expanded its offerings to include "My Ride" for auto insurance. The company has also formed a partnership with Travelers in the United States and provides a white-labeled version of its platform for that market.
LifeQ develops a health management technology that uses biology-led computational systems to extract person-specific digital biomarkers from wearable data, delivering biometrics and health insights. Based in Alpharetta, Georgia, the company provides a platform that consolidates health information across fitness, nutrition, sleep, stress, and medical areas to support informed decisions about health and wellness.
Investsure
Seed Round in 2019
InvestSure is a technology company that uses its software to enable partner investment platforms to sell its unique Investment Indemnity (insurance) product to their clients. InvestSure provides a full set of APIs that trading platform developers can use to integrate the Investure Investment Indemnity product seamlessly and easily into their websites and mobile applications. Once InvestSure technology is added to a trading platform, it enables users to buy insurance on their shares with a single click. The full process from buying to insurance to settling claims is fully automated.
The Investment Indemnity product itself is a unique innovation; it is designed to protect to protect shareholders against any losses in share value caused by actual or perceived fraud committed by management. This enables investors to secure their investments. The cost of the product is low enough to not significantly reduce returns of investors where no insurance event occurs, but to provide significant downside protection where an insured event does occur.
Lumkani
Seed Round in 2018
Lumkani is a South Africa-based company founded in 2014, specializing in developing early-warning IoT heat sensors to mitigate the risks associated with fires in urban informal settlements. The company aims to enhance community resilience by combining technology with financial services, particularly addressing the insurance needs of underserved populations. Lumkani's innovative mesh networked fire detectors are designed for informal homes and enable community-wide alerts during fire incidents, significantly limiting fire spread. Currently, these detectors are installed in over 50,000 homes across South Africa, as well as in Bangladesh and Kenya. In 2017, Lumkani launched a pioneering fire detection and fire insurance bundle in partnership with Hollard Insurance, providing financial support to individuals affected by fires. As Lumkani expands its distribution platform, it continues to identify and address the protection gap by introducing additional relevant insurance products aimed at low-income customers.
Pineapple
Seed Round in 2017
Pineapple Tech Pty Ltd is a South African company that operates a peer-to-peer insurance platform, providing short-term insurance coverage to its members. Founded in 2017 and based in Johannesburg, the company allows users to pay and track their premiums online while selecting their preferred network for pooling. Pineapple aims to innovate the insurance experience by aligning incentives with users, offering transparency about premium usage, and returning any unused premiums to members. The platform simplifies the insurance process, enabling users to obtain coverage quickly, often in under 60 seconds, by utilizing AI technology. Pineapple launched its "My Stuff" per-item insurance in 2018 and expanded its offerings to include "My Ride" for auto insurance. The company has also formed a partnership with Travelers in the United States and provides a white-labeled version of its platform for that market.
Different Technology
Seed Round in 2016
Different Technology offers technology-driven financial services solutions.