Diligence memo · auto-generated · as of July 2, 2026
Lami
Lami looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Lami operates in Insurance, based in Africa. Kenya-based B2B and B2B2C insurance-as-a-service platform and API provider Lami has raised US$1.8 million in seed funding to enhance the capabilities of its offering and expand across Africa.
Sub-sector tags: insurance.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Lami has raised $1.8M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.8M on 2021-05-05.
Most recent recorded round closed around 2021-05-05.
Valuation (modeled)modeled
Provath models Lami at approximately $24M (range $1.6M–$153M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.60× the median modeled value of Seed Insurance companies in 2019–2021 (6 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 5.2 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 75% of Insurance peers (146 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Stonebrook Risk Solutions Insurance Services, LLC, LATAM Insurance Holdings LLC, Covered Insurance Solutions, Inc., Halos Insurance Inc., Revolution Insurance Technologies, Inc..
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.