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Holding Company
lireas.co.za

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Investments

14

About Lireas Holdings

Lireas Holdings is the strategic investment company of Hannover Re Africa. The company provides access to finance, a variety of credible insurance partners, as well as access to reinsurance.

Lireas Holdings Headquarter Location

Rosebank Towers, Office Level 3, 15 Biermann Ave Rosebank

Johannesburg, 2196,

South Africa

011 481 6500

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Latest Lireas Holdings News

South African insurtech startup Pineapple has raised US $5.4 million in Series A funding

Jul 29, 2021

Pineapple, which was founded in 2018 and is a Google Launchpad Africa graduate, allows customers to receive estimates and insurance on things by simply snapping a photo. In 2019, after winning a Venture Clash-base competition, they raised funding around the time of their launch and secure their Series A, including Lireas Holdings, the ASISA ESD fund, the E4E, the Vunani capital, and the old mutual enterprise & supplier development fund. The company has now secured their Series A for $80 million (USD5.4 million). After a spectacular last six months of growth, Pineapple will use the investment to further expand into automotive insurance. “We did not expect to grow by 200 percent in the first 6 months of this year, but it goes to show that customer insurance purchase behaviour is starting to shift online and that customers are becoming more astute as to the online ratings of insurance providers and not settling for second best with respect to customer experience,” said Pineapple co-founder Ndabenhle Ngulube.

Lireas Holdings Investments

14 Investments

Lireas Holdings has made 14 investments. Their latest investment was in Pineapple as part of their Series A on July 7, 2021.

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Lireas Holdings Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/26/2021

Series A

Pineapple

$3.4M

No

2

5/26/2021

Series A

LifeQ

$47M

Yes

4

3/5/2019

Series A

InvestSure

$0.68M

Yes

2

6/8/2018

Seed VC

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$99M

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10

8/30/2017

Seed

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$99M

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10

Date

7/26/2021

5/26/2021

3/5/2019

6/8/2018

8/30/2017

Round

Series A

Series A

Series A

Seed VC

Seed

Company

Pineapple

LifeQ

InvestSure

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Amount

$3.4M

$47M

$0.68M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

2

4

2

10

10

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