Bahraini insurtech Soor secures pre-Seed investment from Spring
Bahrain-based insurtech startup Soor has secured an undisclosed pre-Seed investment from Spring, a venture studio and ecosystem builder backed by London-based Salica and Bahrain's Al Waha Fund of Funds. Founded in 2024 by Mahmood Dhaif and Qasim Albaqali, Soor operates a digital insurance platform that enables users to compare and purchase policies from multiple insurers through a single app. The…
Bahrain's insurtech company Soor has recently secured a significant investment from Spring, a venture studio backed by Salica and Bahrain's Al Waha Fund of Funds. Soor, founded in 2024 by Mahmood Dhaif and Qasim Albaqali, operates a digital insurance platform that allows users to compare and purchase policies from various insurers through a single application.
The startup is licensed by Bahrain's Central Bank of Bahrain (CBB) and aims to simplify the insurance purchasing process by offering greater transparency regarding available policies, pricing, and coverage options.
Soor plans to use the pre-Seed investment funds to further develop its platform, forge new partnerships with insurance providers, and enhance the overall user experience. The company is currently licensed by the CBB and is exploring opportunities for regional expansion beyond Bahrain to extend its digital insurance model. The funding received from Spring will primarily be directed towards product development and growth initiatives, allowing Soor to strengthen its position in the Bahraini market while expanding its reach across the region.
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