Noria Capital

Noria Capital is a venture capital fund dedicated to investing in insurtech startups during their growth and scaleup phases across the Middle East and Africa. The fund's mission is to bring innovation to the insurance industry in these regions by supporting startups that aim to revolutionize the insurance ecosystem and contribute to its digital transformation. Noria Capital focuses on Series A investments in sectors such as health, mobility, and payments, operating across the Middle East and Africa, with a particular emphasis on Saudi Arabia, the United Arab Emirates, and South Africa.

The fund's investment strategy is centered on identifying startups that aspire to push the limits of insurtech and make a significant impact on society. Noria Capital offers a comprehensive suite of services to its portfolio companies, including partnership building, proof of concept initiatives, capacity building, strategy consultancy, and project management. The fund emphasizes a symbiotic relationship between investors and startups, aiming to achieve mutual gains and establish sustainable, long-term exchanges.

Noria Capital's portfolio includes strategic investments in companies like CoverGo, a global no-code insurance SaaS platform, which received a $15 million Series A funding round with Noria Capital as a strategic investor. This investment supports CoverGo's expansion into the Middle East, where it has established a presence in the Dubai International Financial Centre and joined the DIFC FinTech Hive, the largest financial technology accelerator in the Middle East, Africa, and South Asia region. Noria Capital's approach combines investment with strategic development, leveraging its regional exposure, networking prospects, and insurance expertise to facilitate the growth and success of insurtech startups in the Middle East and Africa.