New Investments
South African Insurtech Naked Raises $38 Million in Series B2 Funding
Naked, a South African insurtech company, has successfully raised $38 million in a Series B2 funding round.
This latest funding will enable Naked to advance its automation and artificial intelligence capabilities, expand its product portfolio, extend its market presence, and bolster advertising efforts to grow its customer base.
The Series B2 round follows the company’s earlier Series B funding in February 2023, which secured $17 million from investors such as IFC, Yellowwoods, Hollard, and DEG.
Founded in 2018 by actuaries Alex Thomson, Sumarié Greybe, and Ernest North, Naked has revolutionized the insurance industry with its fully digital platform.
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