# Ruralnet

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

- Industry: Insurance
- Headquarters: Cebu City, Philippines
- Website: www.ruralnet.ph/
- Total disclosed funding: $2.1M
- Latest round: Seed (Oct 17, 2023)
- Investors on record: 4

## About

Based in Cebu City, Philippines, and founded in 2019, Ruralnet Inc. operates as an insurance technology company that offers a digital platform where users can access and buy insurance policies. In October 2023, Ruralnet Inc. raised USD 2.15 million in seed funding led by new investor Kickstart Ventures, with participation from Foxmont Capital Partners, Gentree Fund, and Kaya Founders. As of October 2023, the company has served more than 1,000,000 customers.  


Ruralnet Inc.'s flagship offering is its digital and API-driven insurance distribution platform, which is designed to streamline and enhance insurance operations. It enables insurers, broker, agencies, or digital financial service providers to significantly reduce processing times for insurance enrollment and policy issuance. Its APIs and mobile web portals cater to the entire insurance enrollment and claims process, and facilitate automatic email and SMS notifications, keeping customers informed and engaged throughout the insurance process. Additionally, the platform specializes in designing microinsurance programs that align with the needs of microfinance institutions, banks, and cooperatives.

## Funding rounds

- Seed, Oct 17, 2023, $2.1M — Kickstart Ventures, Foxmont Capital Partners, Gentree Fund, Kaya Founders

## Investors

- Kickstart Ventures (https://capitalatlas.ai/funds/kickstart-ventures) — Seed
- Foxmont Capital Partners (https://capitalatlas.ai/funds/foxmont-capital-partners) — Seed
- Gentree Fund (https://capitalatlas.ai/funds/gentree-fund) — Seed
- Kaya Founders (https://capitalatlas.ai/funds/kaya-founders) — Seed