Lami - About the company
Lami is a seed company based in Nairobi (Kenya), founded in 2019 by Jihan Abass and Jihan Abass. It operates as a Provider of a software suite for insurers and underwriters. Lami has raised $5.5M in funding from Accion and Harlem Capital. The company has 73 active competitors, including 27 funded and 2 that have exited. Its top competitors include companies like Cover Genius, Bharatsure and Zopper.
Company Details
Provider of a software suite for insurers and underwriters. It offers solutions for insurance underwriting, claims management, fraud detection, and more. It also provides software for customer management, insurance sales, and insurance pricing.
Key Metrics
Founded Year
2019
Location
Nairobi, Kenya
Stage
Seed
Total Funding
$5.5M in 2 rounds
Latest Funding Round
Ranked
14th among 73 active competitors
Employee Count
65 as on Jul 01, 2024
Investment & Acquisitions
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Lami's funding and investors
Lami has raised a total funding of $5.5M over 2 rounds. Its first funding round was on May 05, 2021. Its latest funding round was a Seed round on Aug 02, 2022 for $*****. 5 investors participated in its latest round. Lami has 14 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Lami:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 02, 2022 | 9615114 | Seed | 8405815 | 6234105 | 5567802 | 2935702 |
May 05, 2021 | 6729960 | Seed | 7987368 | 7813198 |
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Lami's founders and board of directors
Founder? Claim ProfileThe founders of Lami are Jihan Abass and Jihan Abass.
Here are the details of Lami's key team members:
- Jihan Abass: Founder of Lami and founder of 1 other company. Contact Info: 1 email address
- Jihan Abass: Founder & CEO of Lami.
View details of Lami's Founder profiles and Board Members
Lami's employee count trend
Lami has 65 employees as of Jul 24. Here is Lami's employee count trend over the years:
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Lami's Competitors and alternates
Top competitors of Lami include Cover Genius, Bharatsure and Zopper. Here is the list of Top 10 competitors of Lami, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Cover Genius 2014, New York City (United States), Series E | Provider of a software suite for the insurance industry | $244M | 69/100 | |
2nd |  Bharatsure 2021, Mumbai (India), Seed | Provider of technology and infrastructure for employee benefits and embedded insurance | $3.25M | 67/100 | |
3rd | Provider of API-enabled insurance distribution and management solutions | $125M | 64/100 | ||
4th | Software suite for the insurance industry | $100M | 63/100 | ||
5th |  Sure 2013, San Diego (United States), Series C | Insurance as a service platform for insurance carriers and other businesses | $123M | 63/100 | |
6th |  Tint 2018, San Francisco (United States), Series A | Providing embedded insurance solution to businesses | $30M | 61/100 | |
7th | AI-based software suite for the insurance industry | $53M | 60/100 | ||
8th | Insurance claim management and quoting solutions for the insurance industry | $15M | 55/100 | ||
9th | Provider of insurance products across various industries and business types | $9.4M | 51/100 | ||
10th |  Root 2016, Cape Town (South Africa), Seed | Online platform providing insurance as a service | $4.5M | 50/100 | |
14th | Provider of a software suite for insurers and underwriters | $5.5M | 46/100 |
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Lami's Investments and acquisitions
Lami has acquired Bluewave Insurance. Lami has not made any investments as of now.News related to Lami
•
Kenyan insurtech Lami’s bid to acquire Bluewave collapsesTechCrunch+•Dec 07, 2023•Lami, , , BlueWave Security
•
IMS Boda Boda and Lami Technologies partner to digitize access to coverageAfrica Business Communities•Jan 16, 2023•Co.ke, Lami
•
Lipa Later Announces Insurance Partnership with Lami TechnologiesAfrica Business Communities•Oct 06, 2022•Lipa Later, Lami
•
Kenyan insurtech Lami raises $3.7M seed extension led by Harlem CapitalTechCrunch+•Aug 02, 2022•Lami, Harlem Capital, Newtownpartners, Peter Bruce-Clark and 3 others
•
Kenyan insurtech startup Lami acquires counterpart Bluewave to expand to new African marketsDisrupt Africa•Feb 04, 2022•Lami, Bluewave, Bluewave Insurance
•
Kwara and Lami Technologies partner to enhance insurance access for SACCO members in KenyaTech In Africa•Nov 02, 2021•Kwara, Lami
•
Sendy & Lami Technologies Partner to Launch Per-Trip Insurance PoliciesKenyan Wall Street•Sep 23, 2021•Lami, Sendy
•
Lami Technologies has raised $1.8 million in seed funding to help the digital insurance industry in Africa expand fasterTechgist Africa•May 06, 2021•Lami, Accion, Applied AI Course, Consonance Capital and 5 others
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