Soor secures Pre-seed investment from Spring
The Bahraini insurance platform plans product development, insurer partnerships and a stronger local presence.
Building the platform and insurance partnerships
Spring made an undisclosed pre-seed investment in Soor. The company plans to develop its insurance platform, expand partnerships with providers and improve the customer experience.
The financing supports a stronger presence in Bahrain while Soor explores opportunities for regional expansion. Its existing service lets drivers compare, purchase and renew motor-insurance policies online.
Use of funds
Develop the platform
Expand partnerships with insurance providers
Improve the customer experience
Strengthen presence in Bahrain
Explore regional expansion opportunities