New partnership with innovative enterprise will help increase social impact in South Africa and potentially, beyond.
27four Investment Managers is pleased to announce its partnership with Inclusivity Solutions in their recent Series A2 funding round.
27four’s Venture Capital Fund have invested alongside Goodwell Investments towards a funding round of ~ US $4 million to pan-African inclusive insurtech, Inclusivity Solutions.
With new capital from 27four’s Nebula Fund, Inclusivity Solutions aims to expand to 5 new African countries, grow their existing partnerships, supercharge their platform and strengthen key areas within the team.
Indira Gopalakrishna, CEO of Inclusivity Solutions, said: “We’re thrilled to partner with 27four at this exciting stage of our journey. This investment propels our mission to close the protection gap across Africa, enabling us to scale faster, innovate deeper, and expand our impact where it’s needed most.”
Lebo Raolane, Senior Investment Manager at Goodwell Investments, said: “Goodwell Investments is excited that 27four is joining us on the mission at Inclusivity Solutions. We believe Inclusivity is well-equipped to close the coverage gap on the continent, as evidenced by the work the company has been able to do over the years in providing insurance products to underserved consumers through a growing network of partners. We look forward to working with 27four in helping Inclusivity realise its ambitions.”
Jade Buckton, Senior Investment Associate of 27four said: 27four is excited about our new partnership with Inclusivity Solutions. The partnership will help ensure the most vulnerable members of society are protected from daily risks through their microinsurance offerings. We are delighted to be investing in an innovative business with a clear mission to make insurance accessible to everyone. This investment reflects our confidence in their ability to scale and we look forward to seeing how this funding will accelerate expansion into new markets. 27four is excited to support Inclusivity in this next chapter of growth and impact.”
About Inclusivity Solutions
Founded in 2015, Inclusivity Solutions is a South African-based Insurtech that offers an insurance as a service (IaaS) platform, providing API-based embedded insurance solutions. Combined with specialist insurance expertise they enable distribution partners and insurance providers to rapidly deliver affordable and appropriate insurance products for emerging consumers. They operate in 9 African countries so far and serve over 3.5 million customers. They have partnered with some of the biggest brands on the continent- telcos like Orange, Airtel, MTN, Safaricom, banks like Access Bank, FNB, Equity Bank, (re)insurers such as Britam, Old Mutual, Hollard, Zep Re, Prudential as well as digitally native fintechs like Onafriq (formerly MFS Africa) and Bboxx.
For more information, visit https://inclusivitysolutions.com/
About 27four Investment Managers
27four Investment Managers is a South African asset management firm with a specialisation in alternative investments, with portfolios across private equity, infrastructure and venture capital. The company is committed to driving diversity and financial inclusion in the financial services sector and identifying unique investment opportunities for its clients.
For more information, visit https://27four.com/
About Goodwell Investments
Goodwell Investments is a pioneering impact investment firm focused on inclusive growth in sectors providing basic goods and services and income generation opportunities to underserved communities in Africa and India. The firm provides early-stage equity to high-growth, high-impact businesses. With teams in Kenya, Nigeria, South Africa and the Netherlands and a track record of over twenty years, Goodwell demonstrates the ability to simultaneously deliver significant social impact and strong financial returns.
For more information, visit https://goodwell.nl
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Note for Editors
For media queries on the transaction and interview requests:
Indira Gopalakrishna, Inclusivity Solutions: indira@inclusivitysolutions.com
For more information, please contact:
Jade Buckton, 27four: jade@27four.com