Egypt-based InsurTech startup SehaTech has successfully raised USD 1.1 million in a Seed funding round, led by Ingressive Capital, with participation from Plus VC, a group of angel investors, as well as A15 and Beltone Venture Capital.
The funding will enable SehaTech to scale its team, expand operations across Egypt and the MENA region, and enhance its AI and automation capabilities to further optimize the health insurance ecosystem.
“Our goal is not only to fix the operational inefficiencies in medical insurance processing but also to expand access to quality health coverage,” said Mohamed Elshabrawy, Founder & CEO of SehaTech. “This funding will help us continue building the tools needed to reduce friction between insurers and providers—and ultimately make health insurance more available to the millions who are underserved today.”
Founded by Mohamed Elshabrawy, Mostafa Tarek, and Omar Shawky, SehaTech is an AI-powered InsurTech platform that automates the full health insurance workflow—from approvals to claims and payments. The platform helps reduce fraud, minimize manual errors, and improve transparency across the entire ecosystem.
“SehaTech’s work is critical in solving a deeply entrenched problem at the heart of healthcare delivery—especially in regions where infrastructure gaps hinder access to quality services,” said Maya Horgan Famodu, Founder & Managing Partner at Ingressive Capital.
Through this round, SehaTech aims to address the low penetration of health insurance in Egypt and the wider region by building a more inclusive, efficient, and sustainable digital health insurance infrastructure that leverages AI and automation to transform healthcare accessibility.