Egyptian Insurtech SehaTech Secures $1.1 Million in Seed Funding

Egyptian insurtech firm SehaTech has successfully closed a $1.1 million seed funding round, boosting its total capital raised to $2 million. The investment will be used to significantly scale its AI-centered platform, which is designed to modernize and automate the complex process of health insurance administration.

Strategic Investment and Core Mission
The funding round was spearheaded by Ingressive Capital, with key participation from Plus VC, existing backers A15 and Beltone Venture Capital, and several strategic angel investors. SehaTech was founded with the core mission of improving health insurance management by offering a proprietary, full-stack platform that fully automates workflows. This automation aims to tackle systemic issues within the sector, specifically by eliminating operational inefficiencies, reducing friction between insurers and healthcare providers, and curbing instances of fraud and abuse.

Scaling Operations and Expanding Access
According to Founder and CEO Mohamed Elshabrawy, the funding is critical for accelerating the company's growth. SehaTech plans to use the capital to expand its team, scale operations across Egypt and the broader MENA region, and further integrate deeper AI capabilities and automation tools into its platform. Beyond technological fixes, the company views its work as essential to addressing the region's low health insurance penetration rates. As Maya Horgan Famodu, Founder & Managing Partner at Ingressive Capital, noted, SehaTech's platform is not just about automation, but about enabling healthcare financial inclusion for the millions who are currently underserved due to infrastructure gaps. The ultimate goal is to lay the foundation for a more inclusive, accessible, and financially sustainable healthcare ecosystem.