Pineapple

South Africa
Johannesburg, Gauteng, South Africa, 2096

Company profile

Pineapple company profile

In short, Pineapple see the traditional insurance model, user journey and products as lacking and set out to remedy these by doing the following: 1) Changing the business model to align incentives, show people how premiums are used and award members leftover premium back 2) Making insuring as easy as snapping a picture where AI does the rest and cover is issued in under 60 seconds 3) Allowing per-item insurance and new product innovation to address cover not currently offered or accessible to many Pineapple launched in South Africa in 2018 with their "My Stuff" per-item insurance and have since launched their auto offering "My Ride". They have also partnered with Travelers in the US and have white-labeled their platform in the US.

Business identity

Contact email
[email protected]
Operating status
Active
Company type
For Profit
Employee range
101-250 employees
Revenue range
$0-$1M
Founded
2017-03-01

Headquarters

Postal code
2096
Country code
ZA
Continent
Africa

Capital profile

Funding and company signals

Funding stage
Early Stage Venture
Funding rounds
7
Total equity funding
$29.5M
Last funding
Series B / $21.9M / 2023-11-14
Last equity funding
Series B / $21.9M
Investors
12
Lead investors
7
Founders
3
Articles
58

Founders and investors

Founders

Marnus van HeerdenMatthew Elan SmithNdabenhle Junior Ngulube

Lead investors

Connecticut InnovationsFuturegrowth Asset ManagementGoogle for StartupsLireas HoldingsMineworkers InvestmentTalent HoldingsVentureClash

Investors

Connecticut InnovationsFuturegrowth Asset ManagementGoogle for StartupsOld Mutual Investment GroupTravelers Insurance