Local ins. startup Amenli has closed a USD 1 mn equity funding round, according to a statement (pdf). The round was led by emerging market-focused VC firm Alter Global, alongside Digital Venture Partners, the corporate VC arm of Qatar Ins. Corporation.

Amenli: Founded in 2020, Amenli is an online ins. brokerage that connects individuals and SMEs with ins. providers. With the USD 2.3 mn seed investment the company attracted in 2021, Amenli’s total funding now stands at USD 3.3 mn.

What’s next: The company plans to invest their new funds in “expanding the team, introducing new ins. products to the market, developing new distribution channels, and further penetrating the B2B2C (business-to-business-to-consumer) space,” an Amenli representative told Enterprise.

Getting VC funding ain’t easy at the moment: Rising interest rates abroad and the FX crisis at home have combined to choke off VC funding streams for local startups.

Tags: