Insurtech platform Ctrl becomes 6th SA startup backed by Naspers Foundry, banks $2.3m
Summary
Its sixth investment is Ctrl, with Pieter Venter, the startup’s chief executive officer (CEO) and co-founder, telling Disrupt Africa the Naspers investment formed Ctrl’s Series B round, after it secured Series A funding from Santam back in 2019. Naspers’ South Africa chief executive officer (CEO) Phuthi Mahanyele-Dabengwa said Ctrl was a great example of how innovations in technology can improve upon traditional business models that people use in their everyday lives. We seek to partner with phenomenal local entrepreneurs so that together, we can build technology-led companies that help to make people’s everyday lives better,” Mahanyele-Dabengwa said. Fabian Whate, head of Naspers Foundry, said Ctrl had created a smart digital platform that unlocks consumer choice and competitive pricing in a previously underserved market. “Everyone at Naspers Foundry is thrilled to make our first insurtech investment, and we look forward to working with the talented team at Ctrl as their business reaches new heights,” he said.