Diligence memo · auto-generated · as of July 2, 2026
Nice Deer
Nice Deer looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Nice Deer operates in Insurtech, 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.
Sub-sector tags: insurance, insurtech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Nice Deer has raised $1.0M 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: $1.0M on 2022-06-13.
Most recent recorded round closed around 2022-06-13.
Valuation (modeled)modeled
Provath models Nice Deer at approximately $13M (range $653K–$80M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
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.
Comparablesmixed
Capital scale ranks ahead of 50% of Insurtech peers (16 compared).
Modeled value ranks above 44% of those peers.
Closest niche peers: ETAP, MyCover.ai, True Insurtech Solutions Llc, Sehatech.
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.