Lireas Holdings
Lireas Holdings, established in 1988, is a private equity firm headquartered in Johannesburg, South Africa. It specializes in investing in insurance and insurance technology companies, providing start-up, acquisition, and expansion capital. Lireas prefers majority stakes and focuses on both direct investments and fund of funds, with a preference for South Africa-based companies. It uses its own capital and balance sheet, along with dividends from other investments, to fund its activities.
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.
Lumkani
Seed Round in 2018
Lumkani is a South Africa-based company established in 2014, focused on addressing the challenges posed by fires in informal settlements. The company has developed an innovative early-warning IoT heat sensor designed specifically for urban slum environments, enabling community-wide alerts to limit fire damage. This award-winning technology is currently deployed in over 50,000 homes in South Africa, as well as in Bangladesh and Kenya. Lumkani also offers a unique fire detection and insurance bundle in partnership with Hollard Insurance, providing financial support to help individuals recover after a fire disaster. By building a platform that serves underserved customers lacking access to affordable insurance products, Lumkani aims to tackle the broader protection gap in the market. As the company expands its distribution and services, it continues to launch additional relevant products to enhance community resilience and support low-income households.
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.
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