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Insurtech startup Avidea raises $696,000

News •

Insurtech startup Avidea raises $696,000
  • Tunisia-based digital insurance startup Avidea, has raised 2 million dinars ($696k) in Pre-Series A funding round led by Capsa Capital Partners, one of Tunisia’s largest private equity firms, and the specialist investment vehicle 216 CAPITAL FUND I, which is managed by 216 CAPITAL ADVENTURES.
  • Founded in 2017, AVIDEA specialises in the digitisation of vehicle claims handling and the fight against fraud. 
  • The new funding will be used to hire more talent, expand the product's functional scope as well as expand to new markets.

Source: Afrikanheroes

Avidea, a Tunisian digital insurance startup, has raised 2 million dinars ($696k) in Pre-Series A funding round led by Capsa Capital Partners, one of Tunisia’s largest private equity firms, and the specialist investment vehicle 216 CAPITAL FUND I, which is managed by 216 CAPITAL ADVENTURES.

This funding will add additional talent to the Avidea team, as well as enable for the expansion of the product’s functional scope and the hunt for new markets, as the company enters a critical phase of industrialization and internalization.

AVIDEA is a startup that specializes in the digitalization of vehicle claims handling and the fight against fraud. It was founded in 2017. Its main goal is to assist insurance companies in lowering the cost of automotive claims while improving the customer experience.

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