Fire insurance startup Lumkani has raised seed funding to develop its product offer for low-income householders. The South African firm uses bespoke hardware and connected technology including heat sensors to detect fires and provide protection for customers who are overexposed to fire risk as a result of high-density housing and a lack of basic amenities. The investment round involved funders 4Di Capital, Lumkani, who will help Lumkani to enhance its technology and expand its team to reach more communities throughout South Africa.
Fire insurance startup Lumkani has raised seed funding to develop its product offer for low-income householders. The South African firm uses bespoke hardware and connected technology including heat sensors to detect fires and provide protection for customers who are overexposed to fire risk as a result of high-density housing and a lack of basic amenities. The investment round involved funders 4Di Capital, Accion Venture Lab and Lireas, who will help Lumkani to enhance its technology and expand its team to reach more communities throughout South Africa.