Egypt-based InsurTech startup SehaTech has raised USD 1.1 million in a seed funding round.
The round was led by Ingressive Capital, with participation from Plus VC, A15, Beltone Venture Capital, and several angel investors, including an industry veteran.
With this new funding, SehaTech plans to grow its team and expand its operations across Egypt and other nearby regions. The company also aims to improve its platform by adding more AI features and automation tools.
“Our goal is not only to fix the operational inefficiencies in medical insurance processing but also to expand access to quality health coverage. This funding will help us continue building the tools needed to reduce friction between insurers and providers—and ultimately make health insurance more available to the millions who are underserved today,” said Mohamed Elshabrawy, Founder & CEO of SehaTech.
SehaTech was founded by Mohamed Elshabrawy, Mostafa Tarek, and Omar Shawky. It is an InsurTech company that wants to make health insurance management easier and faster through automation.
The startup offers an AI-powered platform that helps automate workflows, reduce delays and mistakes, and cut down on fraud and misuse between insurers and healthcare providers.
“SehaTech’s work is critical in solving a deeply entrenched problem at the heart of healthcare delivery—especially in regions where infrastructure gaps hinder access to quality services,” said Maya Horgan Famodu, Founder & Managing Partner at Ingressive Capital
SehaTech wants to solve the problem of low health insurance coverage in Egypt and other parts of the region. By automating key parts of the health insurance system, it hopes to make healthcare more inclusive, affordable, and easy to access.
Its digital platform uses AI and smart rules to handle approvals, claims, and payments more smoothly. This helps reduce fraud and human errors, while making the process faster and more transparent for everyone involved.
Read more- AI Startup FireAI Raises INR 4 Crore Seed Funding Led by Inflection Point Ventures
