Democrance Overview
- Year Founded
-
2015
- Status
-
Private
- Employees
-
33
- Latest Deal Type
-
Later Stage VC
- Latest Deal Amount
-
$3.13M
- Investors
-
16
Democrance General Information
Description
Developer of micro-insurance services platform designed to democratize insurance by making it accessible to low-income families. The company's platform offers life and health insurance programs, industry expertise, project management, customer management, and claim management, enabling individuals to purchase insurance through their mobile phones.
Contact Information
Website
www.democrance.comCorporate Office
- One Jumeirah Lake Towers
- 6th Floor One JLT Tower
- Dubai United Arab Emirates
Corporate Office
- One Jumeirah Lake Towers
- 6th Floor One JLT Tower
- Dubai United Arab Emirates
Democrance Timeline
Democrance Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Later Stage VC | 24-Oct-2023 | $3.13M | 00.000 | 000.00 | Completed | Generating Revenue |
| 6. Later Stage VC (Series A) | 03-Jun-2021 | 00.000 | 00.000 | 000.00 | Completed | Generating Revenue |
| 5. Secondary Transaction - Private | 01-Jun-2020 | 00000 | Completed | Generating Revenue | ||
| 4. Early Stage VC | 00000 | Completed | Generating Revenue | |||
| 3. Grant | 07-May-2017 | 000 | 00000 | Completed | Generating Revenue | |
| 2. Seed Round | 01-Mar-2017 | $800K | $835K | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 01-Nov-2016 | $35K | $35K | 00000 | Completed | Generating Revenue |
Democrance Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A | 000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 000 | |
| Preferrence | 00,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 0.000 | |
| Pre-Series A Preferred | 448,445 | $1.000000 | $3.12 | $3.12 | 1x | $3.12 | 9.08% |
Democrance Comparisons
Industry
Financing
Details
000000
000000
Democrance Competitors (2)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| CoverGo | Venture Capital-Backed | Singapore, Singapore | 000 | 000.00 | 00000000000 | |
| Eligible | Venture Capital-Backed | New York, NY | 000.00 | 0000000000 0 | 000.00 |
Democrance Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
Democrance Executive Team (6)
| Name | Title | Board Seat |
|---|---|---|
| Michele Grosso | Founder, Chief Executive Officer & Board Member | |
| Dan Schönfeld | Chief Finance Officer & Board Observer | |
| Alberto Domínguez | Chief Operating Officer & Board Member | |
| Damian Dimmich Ph.D | Co-Founder & Chief Technology Officer | |
| Tarik Ghanim | Chief Marketing Officer |
Democrance Board Members (7)
| Name | Representing | Role | Since |
|---|---|---|---|
| Alberto Domínguez | Democrance | Chief Operating Officer & Board Member | 000 0000 |
| Basil Moftah | Global Ventures (Dubai) | Board Member | 000 0000 |
| Dan Schönfeld | Democrance | Chief Finance Officer & Board Observer | 000 0000 |
| Medea Nocentini | Self | Board Member | 000 0000 |
| Michael Malek | Self | Board Member | 000 0000 |
Democrance Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
Democrance Investors (16)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Wa'ed Ventures | Corporate Venture Capital | Minority | 000 0000 | 000000 0 |
| Global Ventures (Dubai) | Venture Capital | Minority | 000 0000 | 000000 0 |
| Hala Ventures | Venture Capital | Minority | 000 0000 | 000000 0 |
| Pulitha Lliyanagama | Angel (individual) | Minority | 000 0000 | 000000 0 |
| Veridian Ventures | Angel Group | Minority | 000 0000 | 000000 0 |
Democrance FAQs
-
When was Democrance founded?
Democrance was founded in 2015.
-
Who is the founder of Democrance?
Michele Grosso and Damian Dimmich Ph.D are the founders of Democrance.
-
Who is the CEO of Democrance?
Michele Grosso is the CEO of Democrance.
-
Where is Democrance headquartered?
Democrance is headquartered in Dubai, United Arab Emirates.
-
What is the size of Democrance?
Democrance has 33 total employees.
-
What industry is Democrance in?
Democrance’s primary industry is Business/Productivity Software.
-
Is Democrance a private or public company?
Democrance is a Private company.
-
What is the current valuation of Democrance?
The current valuation of Democrance is 000.00.
-
What is Democrance’s current revenue?
The current revenue for Democrance is 000000.
-
How much funding has Democrance raised over time?
Democrance has raised $5.56M.
-
Who are Democrance’s investors?
Wa'ed Ventures, Global Ventures (Dubai), Hala Ventures, Pulitha Lliyanagama, and Veridian Ventures are 5 of 16 investors who have invested in Democrance.
-
Who are Democrance’s competitors?
CoverGo and Eligible are competitors of Democrance.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read blog » -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process »
