About Democrance
Democrance is a company based in Dubai (United Arab Emirates) founded in 2015 by Michele Grosso. Democrance has raised $800 thousand across 4 funding rounds from investors including Jabbar, Global Ventures and Wa'ed Ventures. Democrance offers products and services including Democrance Platform, API Economy Ready, and Product and Journey Builder. Democrance operates in a competitive market with competitors including Noyo, Px, GoHealth, Assurone and Insurance Technology, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Michele Grosso
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Democrance Dmcc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$800 K (USD)
in 4 rounds
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Latest Funding Round
Not available
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Investors
Jabbar
& 8 more
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Employee Count
Not available
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Products & Services of Democrance
Democrance offers a comprehensive portfolio of products and services, including Democrance Platform, API Economy Ready, and Product and Journey Builder.
Enables insurers to manage and launch digital insurance products efficiently.
Facilitates embedding insurance into third-party apps for broader reach.
Helps create seamless insurance experiences across customer segments.
People of Democrance
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Funding Insights of Democrance
Democrance has successfully raised a total of $800K across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Democrance
Democrance has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Jabbar, Global Ventures and Wa'ed Ventures.
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Investments are directed toward growth-stage tech firms in emerging markets.
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Venture capital firm investing in multiple sectors
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Investor details for Democrance
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Investments & Acquisitions by Democrance
Investment portfolio details for Democrance
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Democrance
Detailed financials for Democrance
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- Historical revenue
- Profit trends
- Statement rows
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Democrance Comparisons
Peer comparison for Democrance
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Democrance
Democrance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Noyo, Px, GoHealth, Assurone and Insurance Technology, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insurance data exchange and benefit administration solutions for employers
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Lead exchange platform is operated as SaaS for advertisers.
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Healthcare insurance solutions are offered via a digital platform.
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Insurance distribution solutions for Insurance players
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Automation solutions for insurance sales and compliance are provided.
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Digital distribution and sales solutions for insurance carriers are provided.
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Detailed competitors of Democrance
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- Domains and locations
- Full company profiles
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Latest news on Democrance
Complete news archive for Democrance
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Democrance
Democrance was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Democrance is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Michele Grosso is the current CEO of Democrance. They have also founded this company.
Democrance is a funded company, having raised a total of $800K across 4 funding rounds to date.
Democrance was founded in 2015 in Dubai, United Arab Emirates. Project management and financial technology solutions are delivered via a platform to support insurers and insurance brokers. Collaborations are maintained with mobile operators and various industries to extend insurance and protection coverage to uninsured populations in the region.
Democrance offers Democrance Platform, API Economy Ready, and Product and Journey Builder.
Democrance has 9 investors. Key investors include Jabbar, Global Ventures, Wa'ed Ventures, Veridian Ventures, and Eos Venture Partners.