Daba Facilitates WiAssur's Funding through its Managed Investment Vehicle and Institutional Network

2 min Read November 20, 2023 at 12:15 PM UTC

FUNDRAISING CASE STUDY

Company Name: WiAssur

About the Company

WiAssur is a digital insurance broker providing policies online in Africa. Their platform makes purchasing insurance more accessible.

– Digital insurance broker founded in 2021

– Headquarters: Abidjan, Ivory Coast

– Sectors: Auto, health, life, travel, home insurance

– Business model: B2B2C

Founder

Fundraising through Daba

Daba enabled WiAssur to raise funds from both retail and institutional investors:

Retail via Direct SPV investment: WiAssur aimed to access capital from Daba’s expansive retail investor base and went through our meticulous investment screening process. Upon approval, they were listed live on the Daba application, and we initiated capital calls. It’s pivotal to highlight that all funds were consolidated into a single SPV, ensuring that Daba made a singular, streamlined entry on the cap table.

Institutional via Daba Institutional Investor Network: While Daba facilitated the initial introduction, we ensured WiAssur and investors had the forefront in the subsequent dialogues. This approach proved fruitful as, upon successful investment from Proximity Ventures, WiAssur remunerated Daba with a pre-determined success fee, correlating with the significant amount invested. This underscores our effective strategy in bridging startups with potential investors.

Investment Overview

– Minimum investment: $500 per retail investor via Daba

– Total raised: $300,000 seed round

– Lead investors: First Circle Capital, Microtraction, Proximity Ventures

Impact of the fundraising round

The capital will support WiAssur’s growth into four new African markets, expanded marketing, and growing the team. Leveraging Daba’s platform and network, WiAssur efficiently raised necessary expansion capital from a diverse group of investors.

From the WiAssur CEO

“I had a great experience with Daba! I’m also very happy that thanks to their work I was featured on one of the most watched TV shows on Canal+. I look forward to our continued collaboration.” – Teva Fontaine, WiAssur CEO

WiAssur Fundraising in the News

Microtraction: https://www.microtraction.com/post/microtraction-2022-in-review

Learn how you too can access global capital pools through Daba.

Reach out to us at: investments@joindaba.com

Message us on WhatsApp https://wa.me/18554003222

This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Articles do not reflect the views of DABA ADVISORS LLC and do not provide investment advice to Daba’s clients. Daba is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.