SehaTech closes $1.1 million seed to expand AI-powered health insurance access across Egypt
SehaTech closes $1.1 million seed to expand AI-powered health insurance access across Egypt
- Egypt-based insurtech SehaTech raised $1.1 million in a seed round, bringing total funding to $2 million, to advance its AI-driven health insurance platform.
- The round was led by Ingressive Capital, with participation from Plus VC, strategic angel investors, and existing backers A15, Beltone Venture Capital, and an industry veteran.
- Founded in 2022 by Mostafa Tarek, Mohamed Elshabrawy and Omar Shawky, Sehatech aims to automate medical approvals, claims processing and the billing cycle, saving insurers’ time and expenses while preventing fraudulent practices.
- The new funding will support team expansion, regional growth, and the development of advanced AI automation tools to scale operations across Egypt and beyond.
Press release:
SehaTech, the Egyptian Insurtech company on a mission to streamline and automate health insurance administration, today announced the successful close of a $1.1 million Seed funding round, bringing its total funding to $2 million. The round reflects strong investor confidence in SehaTech’s transformative approach to healthcare and insurance infrastructure across Egypt and emerging markets.
The round was led by Ingressive Capital, with participation from Plus VC, a group of strategic angel investors, and existing backers A15, Beltone Venture Capital, and a renowned industry veteran.
Founded to improve how health insurance is managed, SehaTech offers a full-stack, AI-centred proprietary platform that fully automates workflows, eliminating operational inefficiencies and reducing friction between insurers and healthcare providers, as well as reducing fraud and abuse. The company also tackles a more systemic issue: low health insurance penetration in Egypt and many parts of the region. By automating the backbone of the health insurance industry, SehaTech is laying the foundation for a more inclusive, accessible, and financially sustainable healthcare system.
“Our goal is not only to fix the operational inefficiencies in medical insurance processing but also to expand access to quality health coverage,” said Mohamed Elshabrawy, Founder & CEO of SehaTech. “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.”
“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,” said Maya Horgan Famodu, Founder & Managing Partner at Ingressive Capital. “Their platform isn’t just about automation—it’s about enabling healthcare financial inclusion, and we’re proud to support that mission.”
SehaTech’s digital platform leverages artificial intelligence and a sophisticated rule-based engine to streamline approvals, claims, and payments—reducing fraud and manual errors while providing a more transparent and efficient experience for all stakeholders.
With this latest round of funding, SehaTech plans to scale its team, expand operations across Egypt and the broader region, and enhance its platform with deeper AI capabilities and automation tools.
