Pre-seed funding raised by Rwanda-based digital health insurer Eden Care

Eden Care, a Rwandan insurtech firm that provides businesses and their employees with inexpensive, individualized, and accessible health coverage, has acquired pre-seed capital to support its growth across East Africa.

The two biggest reinsurers in Africa, Zep Re and Africa Re, support Eden Care, a licensed provider of digital health insurance. The start-up gives companies a single platform to handle all of their workers’ health and wellness requirements.

With a digital-first approach that disintermediates insurance brokers, the startup seeks to upend the ineffective delivery of health insurance in East Africa.

Its secret pre-seed fundraising round is headed by DOB Equity and includes Seedstars International, the Norrsken Foundation, and Bathurst Capital.

“Eden Care was founded to create the kind of health insurance we wanted for ourselves – one that is affordable and doesn’t require filling six pages of documents at the hospital and a three-hour wait time. One where we can easily see our benefits and provides wellness tools, community, and incentives to enable us to get and stay healthy. We are excited to add aligned investors to our cap table,” said Moses Mukundi, CEO and founder of Eden Care.

The East African health insurance market, according to Arnold Mwangi, an investment professional at the Dutch impact investment firm DOB Equity in Nairobi, is ready for disruption. His company is thrilled to partner with Eden Care to help it provide consumers with better value, which will lead to better healthcare provision.

“We see Eden Care as having what it takes to deliver that increase in value and service for consumers,” he said.

“By digitising insurance processes and providing a wellness-first insurance cover to employers, Eden Care is making quality health insurance accessible to an underserved market – growing SMEs and businesses.”