Avidea, a Tunisian digital insurance startup, has raised 2 million dinars ($696k) in Pre-Series A funding round led by Capsa Capital Partners, one of Tunisia’s largest private equity firms, and the specialist investment vehicle 216 CAPITAL FUND I, which is managed by 216 CAPITAL ADVENTURES.
This funding will add additional talent to the Avidea team, as well as enable for the expansion of the product’s functional scope and the hunt for new markets, as the company enters a critical phase of industrialization and internalization.
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AVIDEA is a startup that specializes in the digitalization of vehicle claims handling and the fight against fraud. It was founded in 2017. Its main goal is to assist insurance companies in lowering the cost of automotive claims while improving the customer experience.
Avidea insurance
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer