Diligence memo · auto-generated · as of July 2, 2026
Octamile
Octamile has raised $500K over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Octamile operates in Insurtech, based in Africa. Nigeria’s Octamile, an insurtech company enabling insurance and non-insurance businesses to protect African consumers from financial loss, has come out of stealth mode with US$500,000 in pre-seed funding.
Sub-sector tags: insurance, insurtech.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Octamile has raised $500K 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: $500K on 2021-12-01.
Most recent recorded round closed around 2021-12-01.
Valuation (modeled)modeled
Provath models Octamile at approximately $8.3M (range $327K–$61M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Last raise 4.6 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 19% of Insurtech peers (16 compared).
Modeled value ranks above 25% of those peers.
Closest niche peers: InvestSure.
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.