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Noria Capital LLP is a venture capital firm established in 2022 and headquartered in London, UK. The firm specializes in the insurance technology (Insurtech) sector, with a particular emphasis on the Middle East and Africa (ME&A). Noria Capital aims to support startups that are innovating within the insurance ecosystem and contributing to its digital transformation. The firm operates as a Limited Liability Partnership (LLP) and is actively engaged in the venture capital space.
Currently, Noria Capital focuses on Series A investments, targeting companies that are poised to revolutionize the insurance landscape. The firm has a mission to impact over 500 million people by enhancing various Insurtech subsegments, including health, mobility, and payments. Noria Capital's commitment to fostering innovation is evident in its extensive support services for portfolio companies, which include partnership building and strategy consultancy.
Noria Capital invests primarily in Series A Insurtech startups, with a keen interest in subsegments such as health, mobility, and payments. The firm operates across the Middle East and Africa (ME&A) while also collaborating with startups globally. Their investment strategy emphasizes creating symbiotic relationships between investors and startups, ensuring mutual gains and sustainable connections. Noria Capital seeks to deploy international Insurtech companies into the ME&A region, thereby enhancing the local insurance ecosystem.
The firm looks for startups that aspire to innovate and drive digital transformation within the insurance sector. Noria Capital's approach includes not only financial investment but also a substantial services layer that encompasses partnership building, proof of concept (POC) initiatives, and capacity building. This comprehensive support structure is designed to facilitate growth and integration for portfolio companies.
Noria Capital's portfolio includes innovative companies that are committed to disrupting the insurance value chain. Notable portfolio companies include:
These companies exemplify Noria Capital's focus on supporting startups that enhance various Insurtech subsegments and contribute to the digital transformation of the insurance industry.
Rakan Abunayyan: General Partner at Noria Capital, Rakan has extensive experience in venture capital and a strong background in the Insurtech sector. He has been instrumental in shaping the firm's investment strategy and building relationships with portfolio companies.
Khaldoun Dib: Managing Partner at Noria Capital, Khaldoun brings a wealth of knowledge in financial services and technology. His expertise lies in identifying high-potential startups and guiding them through the investment process.
To pitch Noria Capital, founders should send an email to info@noriacapital.co. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and team background. Founders should expect a response within a few weeks, depending on the volume of inquiries.
A warm introduction can enhance the chances of receiving a timely response, so leveraging mutual connections is advisable.
In November 2022, Noria Capital announced a strategic investment in CoverGo, following its $15M Series A funding round. This investment is aimed at supporting CoverGo's expansion into the Middle East, highlighting Noria Capital's commitment to enhancing the Insurtech landscape in the region.
The firm continues to promote its focus on Insurtech innovation and its dedication to supporting startups in the ME&A region through various initiatives and partnerships.
What are Noria Capital's investment criteria?
Noria Capital focuses on Series A investments in Insurtech startups, particularly those innovating in health, mobility, and payments. The firm seeks companies that can contribute to the digital transformation of the insurance ecosystem.
How can I pitch to Noria Capital?
Founders can reach out to Noria Capital via email at info@noriacapital.co. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and team background.
What makes Noria Capital different from other investors?
Noria Capital emphasizes creating symbiotic relationships between investors and startups. They provide extensive support services, including partnership building, strategy consultancy, and project management, which are designed to facilitate growth and integration for portfolio companies.
What is Noria Capital's geographic focus?
The firm primarily targets the Middle East and Africa (ME&A) region but also collaborates with startups globally. Their strategy includes deploying international Insurtech companies into the ME&A market.
What is the typical check size for investments?
While specific check sizes are not disclosed, Noria Capital focuses on Series A investments, which typically range from $1 million to $10 million, depending on the startup's needs and growth potential.
What kind of post-investment support does Noria Capital provide?
Noria Capital offers a range of post-investment support services, including partnership building, proof of concept initiatives, capacity building, and strategic consultancy. They aim to ensure successful integration and visibility in the market for their portfolio companies.
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