# MyCoverai (Techstars '22): Insurance, Lekki, Nigeria

> MyCoverai (Techstars '22): MyCover.ai is a Lagos-based InsurTech company that provides digital infrastructure for embedded insurance. Based in Lekki, Nigeria.

Source: https://millionrounds.com/startup/mycoverai-techstars-22 (Millionrounds; every figure on the page links to its filing or article)

Nigeria · [Insurance startup](https://millionrounds.com/companies)

# MyCoverai (Techstars '22)

MyCover.ai is a Lagos-based InsurTech company that provides digital infrastructure for embedded insurance.

Funding reported Last round: Pre-seed

Insurance Lekki, Nigeria

Company summary

- **Founded:** 2021 5 years old
- **Team:** 27 11 to 50 people
- **Funding reported:** 1.3M as listed, currency not stated
- **Last round:** Pre-seed Jul 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 MyCoverai (Techstars '22) 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 MyCoverai (Techstars '22)

MyCover.ai is a Lagos-based InsurTech company that provides digital infrastructure for embedded insurance.

It partners with licensed Nigerian insurers to co-create innovative insurance products, enabling distributors to offer insurance alongside their services. The company focuses on making insurance affordable, transparent, and accessible to Africans through advanced technology. MyCover.ai offers an embedded insurance infrastructure that allows businesses to integrate insurance products directly into their customer journeys. Its open insurance API facilitates seamless integration of insurance capabilities for third-party distributors and startups. The company also supports InsurTech startups by providing specialized tools and infrastructure to help them build and scale their own embedded insurance offerings. MyCover.ai serves a range of clients, including digital platforms, fintechs, and licensed insurance companies in Nigeria, positioning itself as a digital backbone for embedded insurance in Africa.

## What company datasets say MyCoverai (Techstars '22) raised

Funding, as reported

Reported in all **1.3M** in the source's currency

Rounds **2**

Last round **Pre-seed**

Last round size **1.3M**

Last round date **Jul 2023**

Investors listed **4**

## On a portfolio page

Investors who name them

- [Ventures Platform](https://millionrounds.com/fund/ventures-platform-fund)

Each firm lists MyCoverai (Techstars '22) 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

digital insurance solutions insurtech insurance integration platform information technology & services financial services seamless insurance digital insurance digital insurance infrastructure api integration embedded insurance saas insurance process automation workflow automation embedded insurance fintech saas services

Built with from their website

Tailwind CSS Google Workspace CloudFlare Viewport Meta AI Google Meet CloudFlare CDN Google Font API Cloudflare Insights Nuxtjs

+8 more

Mobile Friendly Open Graph Brevo Radix UI Nuxt UI Tailwind mailersend Cloudflare DNS

- **Sector:** Insurance
- **Industry code:** NAICS 51321, 52429, SIC 7375
- **Region:** Lagos
- **Revenue:** 1M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/mycover-ai)

## Insurance in Nigeria

Startups like it

- [**Casava** Lagos · founded 2019](https://millionrounds.com/startup/casava)
- [**Evolutics Technology Services Limited** founded 2021](https://millionrounds.com/startup/evolutics-technology-services-limited)
- [**PaddyCover** Lagos · founded 2019](https://millionrounds.com/startup/paddycover)
- [**Haba InsurTech** Ikeja · founded 2022](https://millionrounds.com/startup/haba-insurtech)
- [**Cornerstone Insurance Plc** Lagos · founded 1991](https://millionrounds.com/startup/cornerstone-insurance-plc)
- [**Insurpass** Lagos · founded 2021](https://millionrounds.com/startup/insurpass-2)

## Is this your company?

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