Companies · Insurtech

Nice Deer

Africa · Insurtech

Diligence memoA one-page analyst read on Nice Deer — recommendation, valuation, rhythm, risks.
$1.0M
Total raised · real
1
Rounds
Latest step-up
Top 51%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Jun 13 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Nice Deer looks fair 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. Valuation uses the insurtech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.40× the median modeled value of Pre-Seed Insurtech companies in 2022–2024 (5 peers) — value vs value, same stage and era.
  • Within the normal band (140% of peer median) for its niche.
Dormant
  • Last raise 4.1 yr ago; this sector typically re-raises about every 18 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Where it sits in Insurtech

Nice Deer is one of 16 Insurtech companies tracked from Africa. By capital raised it ranks mid-pack (ahead of 50% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

Egyptian insurtech startup Nice Deer has raised a US$1 million pre-seed round of funding to help it provide health insurance services to SMEs.

Egyptian insurtech startup Nice Deer has raised a US$1 million pre-seed round of funding to help it provide health insurance services to SMEs.

insuranceinsurtech

As reported in public records reported — not modeled.

EG
Jurisdiction
Amount raised vs valuation, by round

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.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0M$10M$15M$20MPre-Seed · 2022-06-13 Raised $1.0M (real) Modeled valuation $13M (est)$1.0M$13MPre-Seed2022

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.

Financing ladder & sequence gaps
Pre-Seed$1.0M · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$12.7M
Base estimate est.
$653K
Conservative case
$79.6M
Upside case
$5.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the insurtech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.66×/yr
Annual markup
2.25×/yr upside case
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
insurtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.1 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 16 companies in Insurtech. 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.

Total raised — vs sector median (real $, all stages) 0.8× of median
This company$1.0M
Sector median$1.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.1× above median
This company$1.0M
Sector median$925K
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$12.7M
Sector median$20.5M

Raised more than 50% of sector peers (real $). Modeled value above 44% of peers (estimate).

Niche peers — same stage & era

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 #2 of 5.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)ETAP · Pre-Seed Raised $1.5M · modeled $20.5M (est)MyCover.ai · Pre-Seed Raised $1.3M · modeled $9.1M (est)True Insurtech Solutions Llc · Pre-Seed Raised $1.0M · modeled $5.8M (est)Sehatech · Pre-Seed Raised $850K · modeled $5.8M (est)Nice Deer (this company) Raised $1.0M · modeled $12.7M (est)Nice Deer
CompanyStageRaised · realValue · estvs peer med.
ETAPPre-Seed$1.5M$20.5M2.25×
Nice Deer this companyPre-Seed$1.0M$12.7M1.40×
MyCover.aiPre-Seed$1.3M$9.1M1.00×
True Insurtech Solutions LlcPre-Seed$1.0M$5.8M0.64×
SehatechPre-Seed$850K$5.8M0.64×
Full financing history

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.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$1.0M2022-06-13$5.6M$12.7M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$1.0M2022-06-13
    • First recorded raise — entered as Pre-Seed.
Intelligence
Modeled next raise
$1.6M
Modeled next size est.range $1.0M$2.6M
Last step-up
Capital velocity

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.

Registry & provenance

Nice Deer is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
EG
Jurisdiction
Similar companies

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.

CompanySectorStageRaised · realValue · estWhy similar
True Insurtech Solutions LlcInsurtechPre-Seed$1.0M$5.8Msame sector · same stage
SehatechInsurtechPre-Seed$850K$5.8Msame sector · same stage
MyCover.aiInsurtechPre-Seed$1.3M$9.1Msame sector · same stage
InvestSureInsurtechPre-Seed$685K$23.3Msame sector · same stage
ETAPInsurtechPre-Seed$1.5M$20.5Msame sector · same stage
OctamileInsurtechPre-Seed$500K$8.3Msame sector · same stage
PineappleInsurtechPre-Seed$400K$13.6Msame sector · same stage
OKOInsurtechSeed$1.2M$23.0Msame sector
Frequently asked
How much funding has Nice Deer raised?
Nice Deer has raised approximately $1.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Nice Deer's estimated valuation?
Provath's modeled valuation for Nice Deer is approximately $12.7M (modeled range $653K–$79.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nice Deer at?
Nice Deer's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Jun 13.
What does Nice Deer do and where is it based?
Nice Deer operates in the Insurtech sector, based in Africa. Egyptian insurtech startup Nice Deer has raised a US$1 million pre-seed round of funding to help it provide health insurance services to SMEs.
Explore related

See where Nice Deer sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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