Companies · Insurance
Africa · Insurance
Diligence memoA one-page analyst read on Casava — recommendation, valuation, rhythm, risks.→Casava looks over-valued against its niche peers and is dormant on financing cadence.
Synthesized from the figures below est. — every claim rests on a number shown on this page.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
Casava is one of 146 Insurance companies tracked from Africa. By capital raised it ranks in the upper tier (ahead of 79% of sector peers), and in the upper tier by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
Casava, Nigeria’s first 100 per cent digital insurance company, has secured US$4 million in pre-seed funding to provide affordable and accessible insurance products for millions of Nigerians.
Casava, Nigeria’s first 100 per cent digital insurance company, has secured US$4 million in pre-seed funding to provide affordable and accessible insurance products for millions of Nigerians.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.
Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seed — a round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 146 companies in Insurance. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 79% of sector peers (real $). Modeled value above 84% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #1 of 5.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Casava this company | Pre-Seed | $4.0M | $46.0M | 6.95× |
| Pacific Insurance Network Systems, Inc. | Pre-Seed | $3.1M | $8.5M | 1.28× |
| Exits MENA | Pre-Seed | $1.0M | $6.6M | 1.00× |
| Gaingels Branch Insurance LLC | Pre-Seed | $417K | $4.6M | 0.70× |
| Gaingels Boost Insurance LLC | Pre-Seed | $111K | $806K | 0.12× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Pre-Seed | $4.0M | 2022-02-02 | $22.2M | $46.0M | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Casava is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Pacific Insurance Network Systems, Inc. | Insurance | Pre-Seed | $3.1M | $8.5M | same sector · same stage |
| Paladin Data Insurance Corp. | Insurance | Series A | $4.0M | $61.1M | same sector |
| Exits MENA | Insurance | Pre-Seed | $1.0M | $6.6M | same sector · same stage |
| Pattern Insurance Services Inc. | Insurance | Series A | $4.5M | $68.1M | same sector |
| Gaingels Kin Insurance LLC | Insurance | Pre-Seed | $821K | $2.0M | same sector · same stage |
| Stonebrook Risk Solutions Insurance Services, LLC | Insurance | Seed | $3.5M | $65.1M | same sector |
| Revolution Insurance Technologies, Inc. | Insurance | Seed | $4.8M | $32.3M | same sector |
| Air Centurion Insurance Services, Inc. | Insurance | Pre-Seed | $600K | $13.9M | same sector · same stage |
See where Casava sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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