A South African insurtech startup offering AI-driven digital insurance solutions for cars, homes, and personal items.
South Africa’s Naked Insurtech Closes $38M Series B Round
Naked secured $38 million in Series B funding, the largest insurtech investment in Africa. The funding round was led by BlueOrchard with support from IFC, Hollard, Yellowwoods, and DEG.
African Startup Funding Soars 240% in 2025, Hitting $289M in January
Funding into the African startup ecosystem surged by 240% year-on-year to reach $289 million in January 2025. Equity financing accounted for over 90% of the total funds raised, translating to $262 million.
40 African startups raised $289m in January 2025
40 startups raised $289 million in January 2025, a 240% increase from January 2024. Equity deals made up 90% of the total investment, amounting to $262 million.
Naked Raises $38M to Redefine South African Insurance
Naked raised $38 million in Series B2 funding, its largest capital raise to date. The funding round was led by BlueOrchard with support from Hollard, Yellowwoods, IFC, and DEG.
Naked secures $38 million to advance AI-driven Insurance in South Africa
Naked secured $38 million in Series B2 funding, its largest capital raise to date. The funding round was led by global impact investor BlueOrchard, with support from Hollard, Yellowwoods, IFC, and DEG.
