- SehaTech Announces Second Funding Round of $1.1 Million to Advance Health InsurTech Solutions
- The round was led by Ingressive Capital, with participation from Plus VC and a group of strategic angel investors.
SehaTech, a health insurance technology (InsurTech) startup, has closed its second funding round, raising $1.1 million, bringing its total funding to around $2 million.
The round was led by Ingressive Capital, with participation from Plus VC, several strategic angel investors, as well as existing investors—A15 and Beltone Venture Capital—in addition to a prominent industry expert.
Funding Details
The new capital will be directed toward supporting SehaTech’s expansion plans and automating health insurance management processes, which will contribute to developing the healthcare and insurance infrastructure in Egypt and other emerging markets.
About SehaTech
Founded with the mission to improve health insurance management, SehaTech operates a comprehensive digital platform powered by artificial intelligence that fully automates operational processes.
This helps eliminate inefficiencies, reduce administrative complexities between insurers and healthcare providers, and minimize fraud and misuse.
The company also aims to address a broader challenge—the low penetration of health insurance services in Egypt and many other countries across the region.
By automating the core infrastructure of the health insurance sector, SehaTech is paving the way for a more inclusive, sustainable, and accessible healthcare system for individuals.
Founders’ and Investors’ Statements
Mohamed El-Shabrawy, Founder and CEO of SehaTech, said:
“Our goal goes beyond addressing inefficiencies in health insurance services. We aim to expand access to quality healthcare coverage”.
He add:
“This funding will enable us to continue developing tools and solutions that simplify communication and reduce challenges between insurers and healthcare providers, ultimately making health insurance accessible to millions who are currently uninsured.”
Meanwhile, Maya Horgan Famodu, Founder and Managing Partner at Ingressive Capital, commented:
“SehaTech’s efforts represent a pivotal step in addressing a deep-rooted challenge at the heart of healthcare systems, especially in regions facing infrastructure gaps that hinder access to quality services”.
She add:
“The platform’s solutions go beyond automation—they aim to drive financial inclusion in healthcare, and we are proud to support this mission.”
Technology and Expansion Plans
The SehaTech digital platform leverages AI-driven technologies and an intelligent operational system powered by a rule-based medical data engine to manage approvals, claims, and payments.
This reduces manual errors, curbs fraud and misuse, and ensures a more efficient and transparent experience for all stakeholders.
With this new round of funding, SehaTech plans to grow its team, expand operations both within Egypt and internationally, and enhance its platform with more advanced AI capabilities and automation tools.
العربية (Arabic) To read the article in Arabic, click here
