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MyCover.ai

MyCover.ai

Private

Last Round

Pre Seed

Jul 19, 2023

Est. Valuation

$3.12M

Total Funding Raised

$1.37M

Company Overview

MyCover.ai is an insurtech company that provides an open insurance API and infrastructure for businesses in Africa to embed insurance products into their offerings.

Sector

FinTech

Verticals

InsurTech, API Management, Platform-as-a-Service, Low-Code/No-Code, Workflow Automation

Business Model

B2B2C

Customer Profile

Marketplace Commission, Subscription SaaS

AI Layer

Application

Keywords

embedded insuranceinsurance APIinsurance-as-a-serviceinsurtech infrastructureinsurance distributioninsurance plumbingB2B2C insuranceinsurance aggregatorclaims automationpolicy managementAfrican insurtechinsurance SDKslow-code insurance

Historical Pricing

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Caplight Momentum Score

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MyCover.ai Comparables

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MyCover.ai comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Octamile
93%
MyCoverGenius
92%
Unyte Africa
91%

MyCover.ai Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Pre SeedJul 19, 2023
AcceleratorDec 15, 2022

Key People

Founding team and executive leadership

Alexander Igwe-Ifendu

Co-Founder and Chief Product Officer

Founding Team

Fred Ebho

Co-Founder & Chief Technical Officer

Founding Team

Adebowale Banjo

Co-Founder and CEO

Founding Team

MyCover.ai Investors

Notable investors and investment history

MyCover.ai investors
InvestorRounds
TechstarsAccelerator, Pre Seed
Ventures PlatformPre Seed
Founders Factory AfricaPre Seed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jan 20, 2025

    Grew 25% QoQ, from 24 to 30 employees.

  • Nov 28, 2024

    Grew 32% quarter-over-quarter, from 22 to 29 employees.

MyCover.ai Filings

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MyCover.ai filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about MyCover.ai's valuation, stock price, and market status.

Is MyCover.ai a public or private company?

MyCover.ai is a private company.

What is the current stock price of MyCover.ai?

MyCover.ai is a private company with no public stock price. No recent secondary market data is available.

How much is MyCover.ai worth (valuation)?

MyCover.ai's valuation is estimated at $3.1M based on funding round data.

Can I buy MyCover.ai stock?

MyCover.ai shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was MyCover.ai's last funding round?

MyCover.ai's most recent funding round was Pre Seed on December 15, 2022.

Who are the main investors in MyCover.ai?

Key investors in MyCover.ai include Ventures Platform.

Will MyCover.ai IPO soon?

No public IPO plans have been announced for MyCover.ai.

How can I track MyCover.ai secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor MyCover.ai's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersLagos
Employee Range22
Year Founded2021
Last FundingJul 19, 2023

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