# Democrance: Insurance, Dubai, United Arab Emirates

> Democrance: Democrance is a Dubai-based B2B insurtech company that offers a white-label, AI-augmented SaaS platform designed to digitize and automate the...

Source: https://millionrounds.com/startup/democrance (Millionrounds; every figure on the page links to its filing or article)

United Arab Emirates · [Insurance startup](https://millionrounds.com/companies)

# Democrance

Democrance is a Dubai-based B2B insurtech company that offers a white-label, AI-augmented SaaS platform designed to digitize and automate the insurance value chain.

Email

Funding reported Last round: Series A

Insurance Dubai, United Arab Emirates

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Company summary

- **Founded:** 2015 11 years old
- **Team:** 27 11 to 50 people
- **Funding reported:** 3.8M as listed, currency not stated
- **Last round:** Series A Oct 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Democrance has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Democrance

Democrance is a Dubai-based B2B insurtech company that offers a white-label, AI-augmented SaaS platform designed to digitize and automate the insurance value chain.

Founded in 2015, the company provides a lightweight core platform that allows insurance companies to quickly launch and manage various insurance products, including micro, retail, and commercial lines across Life, Health, and Property & Casualty sectors. The primary offering is the AI Insurance Core Platform, which streamlines sales, distribution, underwriting, policy issuance, and claims management. Key features include autonomous AI agents for enhancing workflows, digital sales tools for multi-channel distribution, customizable product configurations, and a self-service portal for customers. Democrance serves over 25 insurance companies across 16 markets, focusing on reaching low-income and underinsured populations. The company aims to democratize insurance, making it more accessible and affordable, and has positively impacted over one million customers.

## What company datasets say Democrance raised

Funding, as reported

Reported in all **3.8M** in the source's currency

Rounds **3**

Last round **Series A**

Last round date **Oct 2023**

Investors listed **10**

## Founders and team

From Democrance's own website: 14 on the team.

- **Michele Grosso** Chief Executive Officer and Board Member
- **Alberto Perez** Chief Operating Officer and Board Member
- **Ana Cris Nanzan** Office Coordinator
- **Dr Damian Dimmich** Chief Technology Officer
- **Alexis Sanz Politou** Delivery Manager
- **Anupam Sahay** Independent Board Member
- **Aysha AlBloushi** Product Manager
- **Dr Keith Franklin** Lead Product Software Engineer
- **Florian Jozsa** Independent Board Member
- **Lauriane Ciais** Customer Success Manager
- **Medea Nocentini** Board Member
- **Mobeen Patel** Customer Success Lead
- **Mohamed Zeeshan Hassan** Board Member
- **Nausheen Mamode** Finance Manager

## On 3 portfolio pages

Investors who name them

- [Jabbar Internet Group](https://millionrounds.com/fund/jabbar-internet-group)
- [1818 Venture Capital](https://millionrounds.com/fund/1818-venture-capital)
- [BeAI GmbH](https://millionrounds.com/fund/beai-gmbh)

Each firm lists Democrance on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

consumers customer engagement insurance saas platform insurance data integration distribution insurance ecosystem insurance sales automation plug-and-play saas insurance product management customer-centric insurance micro insurance underwriting engine third-party data integration information technology & services insurance financial services

Built with from their website

Amazon SES Contact Form 7 Google Tag Manager WordPress.org AWS Trusted Advisor Linkedin Insight Tag Apache Google Workspace Viewport Meta LinkedIn Ads

+8 more

CookieYes Amazon Simple Email Service python celery Google Meet CAPTCHA Microsoft Azure Hosting MySQL PrimeNG

- **Sector:** Insurance
- **Industry code:** NAICS 52421, 513210, 541512, SIC 7375
- **Region:** Dubai
- **Revenue:** 8.9M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/democrance)

## Insurance in United Arab Emirates

Startups like it

- [**Mantas** Dubai · founded 2024](https://millionrounds.com/startup/mantas)
- [**elseco** Dubai · founded 2006](https://millionrounds.com/startup/elseco)
- [**insurancemarket.aetm** Dubai · founded 1995](https://millionrounds.com/startup/insurancemarket-ae)
- [**NGK Hamilton Insurance Brokers** Dubai · founded 2020](https://millionrounds.com/startup/ngk-hamilton-insurance-brokers)

## Is this your company?

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