Global Ventures invests in insurtech Democrance

Global Ventures invests in insurtech Democrance

UAE-based insurtech startup Democrance has raised an undisclosed investment round, led by UAE VC firm Global Ventures with participation from Veridian Ventures, and other existing investors.

Founded in 2015 by Alberto Pérez, Michele Grosso and Damian Dimmich, Democrance allows insurers to expand their digital offering through the startup's white-label SaaS, plug and play platform which digitises their sale and distribution. 

Since its launch, the startup has expanded to 12 countries with plans to use the latest funding to further fuel its growth. 

Press release:

Democrance, the UAE-born insurtech company completed its latest funding round, led by Dubai-based international VC firm Global Ventures, along with the participation of Veridian Ventures and existing investors.

Founded in 2015 with a mission to enable partnerships that make insurance accessible and affordable for all emerging market segments of society, Democrance helps insurers expand their digital offering thereby unlocking the potential for entirely overlooked pockets customers, products or channels. Democrance is a B2B data-enabled, white-label SaaS, plug-and-play technology platform that digitises sales and distribution verticals of the insurance value chain for emerging market segments.

Democrance's platform enables insurance companies to increase sales, drive retention and cross-sell, and unlock new segments through leading-edge digital and data-enabled technologies,