Company Directory / insurance
PrivateFor profitinsuranceDubai, United Arab Emirates
Democrance
Democrance is a SaaS insurance technology platform that helps insurers and insurance brokers digitize the insurance value chain.
- Founded
- 2015 11 years ago
- Staff
- 11-50 band, as listed
- Followers
- - on LinkedIn
- Funding
- $3.8M as listed, currency not stated
Set against six million companies
Size
11-50 people: larger than 33% of companies with a size listed
Age
11 years old.
Reach
Website ranked #3,728,757 in the world for traffic, about 3k visits a month.
What it does
FinanceFinancial ServicesInsuranceInsurTech
Funding, as listed
$3.8M currency not stated
- Rounds3
- LatestSeries a, Oct 2023
- Investors10, 1 leading
What the source datasets report. We have not watched these rounds ourselves.
Every detail we hold
Everything the source datasets list about Democrance, field by field. Contact details are held but never shown.
The company
- Name
- Democrance
- Type
- For profit
- Status
- Private
- Founded
- 2015
- Founders
- Alberto Pérez, Damian Dimmich, Michele Grosso
- Industry
- insurance
- Categories
- Finance, Financial Services, Insurance, InsurTech
Where
- City
- Dubai
- Country
- United Arab Emirates
- Markets
- Europe, Middle East, and Africa (EMEA), Gulf Cooperation Council (GCC), Middle East, Middle East and North Africa (MENA)
Size and reach
- Staff band
- 11-50
- Web traffic rank
- #3,728,757
- Monthly web visits
- 3,243
Funding, as listed
- Total
- 3,800,000 (currency not stated)
- Rounds
- 3
- Latest round
- Series a
- Latest round date
- Oct 2023
- Investors
- 10
- Lead investors
- 1
- Listing status
- private
About this record
- Sources
- Crunchbase
- Last imported
- Sept 2026
Growth, as the source summarises it
Democrance may be growing as it has recently raised investment from Wa'ed Ventures to fund its expansion into Saudi Arabia. This financial backing is indicative of investor confidence and provides the means for the company to scale its operations. The focus on Saudi expansion suggests that Democrance is actively working to increase its market presence and customer base in a new geographic region. Additionally, securing funding is a strong signal of growth potential, as it often precedes scaling efforts and increased market penetration.
Summaries written by the source dataset, not by us, and not checked.
Companies like it
insurance in United Arab Emirates.
From the company datasets we hold (Crunchbase, LinkedIn and Apollo listings), as listed there; 20,917 companies in United Arab Emirates and 5,926,251 in all. We hold no contact details for public display. Correct this, or ask for it to be removed.