{"id":607728,"date":"2023-10-09T00:00:00","date_gmt":"2023-10-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/ins-startup-amenli-raises-usd-1-mn-round\/"},"modified":"2023-10-09T00:00:00","modified_gmt":"2023-10-09T00:00:00","slug":"ins-startup-amenli-raises-usd-1-mn-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/09\/ins-startup-amenli-raises-usd-1-mn-round\/","title":{"rendered":"Ins. startup Amenli raises USD 1 mn round"},"content":{"rendered":"

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

Amenli: <\/strong> Founded in 2020, Amenli is an online ins. brokerage that connects individuals and SMEs with ins. providers. With the USD 2.3 mn<\/a> seed investment the company attracted in 2021, Amenli\u2019s total funding now stands at USD 3.3 mn. <\/p>\n

What\u2019s next: <\/strong> The company plans to invest their new funds in \u201cexpanding the team, introducing new ins. products to the market, developing new distribution channels, and further penetrating the B2B2C (business-to-business-to-consumer) space,\u201d an Amenli representative told Enterprise.<\/p>\n

Getting VC funding ain\u2019t easy at the moment: <\/strong> Rising interest rates abroad and the FX crisis at home have combined to choke off VC funding streams for local startups. <\/p>\n","protected":false},"excerpt":{"rendered":"

The company is hoping the new funds will allow them to expand into B2B2C<\/p>\n","protected":false},"author":1,"featured_media":607729,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,503,181,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-607728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-financial-services","tag-insurance","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"9ccdc8f7-db26-4ea6-8cdb-8a82727ab6aa","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/402.jpg","photo_position":"above","homepage_title":"Insurance startup Amenli raises USD 1 mn in equity funding","full_issue_title":"Local insurance startup Amenli raises USD 1 mn in equity funding","related_issue":[607715],"teaser":"The company is hoping the new funds will allow them to expand into B2B2C","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.63629e57-0d98-4606-a9c7-1ffed6d5a23c.mp3"},"yoast_head":"\nIns. startup Amenli raises USD 1 mn round - 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The round was co-led by P1 Ventures, Global Founders Capital, and Anim Fund, and also included Costanoa Ventures, Liquid2 Ventures, Cliff Angels and other angel investors. The company will use the proceeds to expand\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/82.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555109,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/02\/delivery-startup-shipblu-secures-usd-2-4-mn-seed-round\/","url_meta":{"origin":607728,"position":1},"title":"Delivery startup ShipBlu secures USD 2.4 mn seed round","author":"enterpriseam admin","date":"2 November 2021","format":false,"excerpt":"Last mile delivery startup ShipBlu raised USD 2.4 mn in a seed round led by Saudi Arabia\u2019s Nama Ventures, according to TechCrunch. 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The funding came either following the companies closing pre-seed rounds, or as boosters to companies that are looking to expand and complete acquisitions.The startups: The Egyptian startups include Cairo-based delivery service ShipBlu, ins.\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/76.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556768,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/beware-the-clueless-tourist-vc-melbourne-citizens-come-out-of-lockdown\/","url_meta":{"origin":607728,"position":3},"title":"Beware the clueless tourist VC + Melbourne citizens come out of lockdown","author":"enterpriseam admin","date":"17 October 2021","format":false,"excerpt":"Beware the clueless tourist VC: The soaring interest in Egyptian startups from foreign VCs may seem opportune. But without the local knowhow needed, these type of investors may end up hurting the startups they invest in, Mohamed Aboulnaga, co-founder and CEO of Egypt-based fintech Klivvr and co-founder of Halan (now\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/419.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566759,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/yodawy-lands-usd-7-5-mn-in-a-series-b-funding-round\/","url_meta":{"origin":607728,"position":4},"title":"Yodawy lands USD 7.5 mn in a series B funding round","author":"enterpriseam admin","date":"12 July 2021","format":false,"excerpt":"Yodawy raises USD 7.5 mn in a Algebra, MEVP, Global Ventures-led series B funding: Pharma platform Yodawy has landed USD 7.5 mn in a series B funding round led by Algebra Ventures, Beirut-based Middle East Venture Partners (MEVP) and UAE-based venture capital fund Global Ventures, according to an emailed statement\u2026","rel":"","context":"In "SPEED ROUND: STARTUP WATCH"","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581492,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/pharma-delivery-startup-yodawy-lands-usd-16-mn-in-series-b-funding\/","url_meta":{"origin":607728,"position":5},"title":"Pharma delivery startup Yodawy lands USD 16 mn in series B funding","author":"enterpriseam admin","date":"12 February 2023","format":false,"excerpt":"The startup will use the funding to fuel its regional expansion plans","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Yodawy-Press-Visual-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/607728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=607728"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/607728\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/607715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/607729"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=607728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=607728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=607728"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=607728"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=607728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}