About Lami
Lami is a company based in Nairobi (Kenya) founded in 2019.. Lami has raised $5.5 million across 2 funding rounds from investors including Accion, Harlem Capital and Newtown Partners. Lami has completed 1 acquisition, including Bluewave Insurance. Lami operates in a competitive market with competitors including Zopper, Cover Genius, Bolttech, Qover and Open, among others.
- Headquarter Nairobi, Kenya
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Sectors
Financial Services
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Phone
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.5 M (USD)
in 2 rounds
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Latest Funding Round
$3.7 M (USD), Seed
Aug 02, 2022
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Investors
Accion
& 11 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of Lami
Lami has successfully raised a total of $5.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3.7 million completed in August 2022. 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $3.7M
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First Round
First Round
(05 May 2021)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - Lami | Valuation | Harlem Capital Partners | |
| May, 2021 | Amount | Seed - Lami | Valuation | Accion |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lami
Lami has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accion, Harlem Capital and Newtown Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are provided to diverse startups by Harlem Capital.
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in technology startups.
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Founded Year | Domain | Location | |
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Venture capital fund investing in healthcare startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lami
Lami has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bluewave Insurance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Micro insurance consulting, project management, and technology services are offered.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lami
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lami Comparisons
Competitors of Lami
Lami 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 Zopper, Cover Genius, Bolttech, Qover and Open, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
API-enabled insurance distribution platform is provided for B2C companies.
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| domain | founded_year | HQ Location |
Software suite for insurance distribution and management is provided.
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| domain | founded_year | HQ Location |
Insurance solutions are connected for businesses and individuals through partnerships.
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| domain | founded_year | HQ Location |
Software suite for designing and distributing digital insurance is offered.
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| domain | founded_year | HQ Location |
AI-based software suite is offered for insurance industry operations.
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| domain | founded_year | HQ Location |
Embedded insurance solutions are delivered to businesses through platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lami
Frequently Asked Questions about Lami
When was Lami founded?
Lami was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Lami located?
Lami is headquartered in Nairobi, Kenya.
Is Lami a funded company?
Lami is a funded company, having raised a total of $5.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.8M, raised on May 05, 2021.
What does Lami do?
Founded in 2019 and based in Nairobi, Kenya, Lami operates in the insurance technology sector. A suite of software solutions is delivered to support underwriting processes, claims handling, fraud identification, customer relationship management, sales operations, and pricing strategies. These tools are designed for insurers and underwriters to streamline core functions within the industry.
Who are the top competitors of Lami?
Lami's top competitors include Zopper, Cover Genius and Bolttech.
How many acquisitions has Lami made?
Lami has made 1 acquisition, including Bluewave Insurance.
Who are Lami's investors?
Lami has 12 investors. Key investors include Accion, Harlem Capital, Newtown Partners, Peter Bruce-Clark, and Caribou Honig.