Democrance

Democrance provides a SaaS policy administration and distribution platform that insurers use to configure, sell and service life, health and property products through digital channels, brokers and embedded partners, with AI-assisted sales and underwriting tools. Founded in Dubai in 2015 by Michele Grosso, it works with insurers such as MetLife and AXA in more than 15 countries across the Middle East, Africa, Asia-Pacific and Latin America, and raised a round led by Global Ventures in 2021 after an $800,000 seed round in 2017.