# Amenli

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amenli

- Industry: Insurance
- Headquarters: Cairo, Egypt
- Website: www.amenli.com
- Total disclosed funding: $3.7M
- Latest round: Seed (Oct 5, 2021)
- Investors on record: 7

## About

Based in Egypt, Amenli is an innovative insurance platform offering a comprehensive suite of insurance products designed to mitigate risks and alleviate financial burdens for both individuals and businesses.Amenli, founded in 2019 in Cairo, Egypt, operates as a licensed insurance brokerage. The company was established by a team including Abdelmeguid Amer, Adham Nauman, Omar Din, and Shady Tohfa. Recently, on November 18, 2024, Amenli raised USD 2.3 mn in venture funding led by EBRD, with Y Combinator participating. The funding marks a pivotal moment for the company as it continues to grow its presence in the insurance sector.Amenli offers a variety of insurance products including health insurance, car insurance, home insurance, and corporate insurance solutions. The platform utilizes technology to streamline the insurance acquisition process, allowing clients to easily access local and international coverage options. Amenli primarily serves customers in Egypt, focusing on delivering tailored insurance solutions to meet the diverse needs of families and enterprises.Amenli's revenue model is based on transactional services within the insurance industry. The company generates revenue through direct sales of various insurance products, operating on a commission basis with insurance providers. This model allows Amenli to facilitate efficient transactions while addressing specific customer needs through its range of insurance offerings.Following its recent funding round, Amenli plans to enhance its product offerings in the insurance industry. The company aims to expand into new markets, targeting broader geographic regions by the end of 2025. The USD 2.3 mn funding will be allocated to support these initiatives, enabling the company to diversify and grow its services further.

## Funding rounds

- Seed, Oct 5, 2021, $2.5M — Costanoa Ventures, Global Founders Capital, Liquid 2 Ventures, P1 Ventures, ANIM, Cliff Angels
- Seed, Sep 6, 2021, $1.2M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Costanoa Ventures (https://capitalatlas.ai/funds/costanoa-ventures) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- P1 Ventures (https://capitalatlas.ai/funds/p1-ventures) — Seed
- ANIM (https://capitalatlas.ai/funds/anim) — Seed
- Cliff Angels — Seed