Egyptian InsurTech firm SehaTech, which develops AI-driven solutions to modernise health insurance administration, has secured $1.1m in a seed funding round.
The round was led by Ingressive Capital, with participation from Plus VC, a group of strategic angel investors, and existing backers A15 and Beltone Venture Capital, according to Daily News Egypt.
The latest investment brings SehaTech’s total funding to $2m to date.
Founded to transform the management of health insurance processes, SehaTech provides a full-stack proprietary platform that automates workflows for insurers and healthcare providers. The system is designed to cut operational inefficiencies, minimise friction between stakeholders, and tackle issues such as fraud and abuse within the insurance ecosystem.
With this new funding, SehaTech said it plans to scale its team, extend operations across Egypt and the wider region, and further develop its AI and automation capabilities. The company also aims to address the challenge of low health insurance penetration across the region, with a vision to build a more inclusive, accessible, and financially sustainable healthcare system.
SehaTech founder and CEO Mohamed Elshabrawy said, “Our goal is not only to fix the operational inefficiencies in medical insurance processing but also to expand access to quality health coverage. This funding will help us continue building the tools needed to reduce friction between insurers and providers—and ultimately make health insurance more available to the millions who are underserved today.”
Ingressive Capital founder and managing partner Maya Horgan Famodu said, “SehaTech’s work is critical in solving a deeply entrenched problem at the heart of healthcare delivery—especially in regions where infrastructure gaps hinder access to quality services. Their platform isn’t just about automation—it’s about enabling healthcare financial inclusion, and we’re proud to support that mission.”
Before this round, SehaTech had raised previous funding from A15 and Beltone Venture Capital, which helped lay the groundwork for its expansion and platform development.
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