Egypt's insurtech startup Nice Deer raises $1 million

Nice Deer, an Egypt-based insurance technology firm has raised $1 million in its pre-seed round led by Disrupt Ventures.

• The funds will be used to scale its services in providing health insurance solutions for SMEs, such as health savings accounts.
• As an arm of IT-fusion, a tech-led medical-focused service provider in Egypt, Nice Deer was launched in 2022 to offer healthcare insurance solutions and repayment services to healthcare providers, health insurance companies and beneficiaries.
• The firm uses a single platform to connect medical service providers with insurance companies and facilitates communication between doctors and patients.