Diligence memo · auto-generated · as of July 2, 2026
Casava
Casava looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Casava operates in Insurance, based in Africa. 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.
Sub-sector tags: insurance.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Casava has raised $4.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $4.0M on 2022-02-02.
Most recent recorded round closed around 2022-02-02.
Valuation (modeled)modeled
Provath models Casava at approximately $46M (range $2.7M–$322M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 6.95× the median modeled value of Pre-Seed Insurance companies in 2022–2024 (5 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 4.4 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 79% of Insurance peers (146 compared).
Modeled value ranks above 84% of those peers.
Closest niche peers: Pacific Insurance Network Systems, Inc., Exits MENA, Gaingels Branch Insurance LLC, Gaingels Boost Insurance LLC.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.