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# Egypt's insurtech startup Nice Deer raises $1 million
- URL: https://www.techloy.com/egypts-insurtech-startup-nice-deer-raises-1-million/
- Published: 2022-06-07T16:46:31.000Z
- Updated: 2022-12-08T01:08:58.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Insurtech, Egypt

[Nice Deer,](https://www.it-fusion.org/Products/Nice%5FDeer) an Egypt-based insurance technology firm has raised $1 million in its pre-seed round led by Disrupt Ventures. 

- The funds will be used to scale its services in providing health insurance solutions for SMEs, such as health savings accounts.
- As an arm of IT-fusion, a tech-led medical-focused service provider in Egypt, Nice Deer was launched in 2022 to offer healthcare insurance solutions and repayment services to healthcare providers, health insurance companies and beneficiaries.
- The firm uses a single platform to connect medical service providers with insurance companies and facilitates communication between doctors and patients.