Sehteq raises $20 million

Sehteq raises $20 million

Dubai-based health insurance tech startup Sehteq, has secured a $20 million investment from its anchor investor 971 Capital.

Launched in November 2017 in partnership with Department of Economic Development, Government of Ras Al Khaimah and Ras Al Khaimah Economic Zones RAKEZ, Sehatq is a digital health insurance platform that offers affordable insurance plans for individuals and companies. The startup officially started operating in February 2018 after acquiring its first health insurance provider license, known as third party administrator TPA.

Currently, Sehteq is among the top three health insurance providers in the UAE and ranks ninth on the global insure-tech list, based on funding, according to a statement issued by the company on Monday.

"This investment will upgrade Sehteq in conjunction with its technology and reinsurance verticals to a new and innovative version of