Companies · Insurtech

Pineapple

Insurtech

Diligence memoA one-page analyst read on Pineapple — recommendation, valuation, rhythm, risks.
$400K
Total raised · real
1
Rounds
Latest step-up
Top 88%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Sep 01 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Pineapple has raised $400K over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the insurtech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 8.8 yr ago; this sector typically re-raises about every 18 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

2 Investors+6 more named people

Explore how these operators interlock with other companies in the operator network.

Where it sits in Insurtech

Pineapple is one of 16 Insurtech companies tracked. By capital raised it ranks in the long tail (ahead of 13% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

SA insurtech startup Pineapple raises $400k funding 0 By Tom Jackson on September 1, 2017 News , Southern Africa Johannesburg-based insurtech startup Pineapple has secured seed funding of ZAR5.2 million (US$400,000) from Lireas Holdings, the strategic investment arm of Hannover Re Group Africa, as it prepares to launch by the end of the year. The funding raised by Pineapple , which is in return for a minority shareholding, will assist the startup in bringing its peer-to-peer insurance offering to market.

SA insurtech startup Pineapple raises $400k funding 0 By Tom Jackson on September 1, 2017 News , Southern Africa Johannesburg-based insurtech startup Pineapple has secured seed funding of ZAR5.2 million (US$400,000) from Lireas Holdings, the strategic investment arm of Hannover Re Group Africa, as it prepares to launch by the end of the year. The funding raised by Pineapple , which is in return for a minority shareholding, will assist the startup in bringing its peer-to-peer insurance offering to market.

insuranceinsurtech

As reported in public records reported — not modeled.

ZA
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0M$10M$15M$20MPre-Seed · 2017-09-01 Raised $400K (real) Modeled valuation $14M (est)$400K$14MPre-Seed2017

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$400K · 2017

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$13.6M
Base estimate est.
$261K
Conservative case
$154.2M
Upside case
$2.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the insurtech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.66×/yr
Annual markup
2.25×/yr upside case
6.0 yr
Elapsed time used
8.8 yr actual, capped for stale marks
insurtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
8.8 yr
On record since
2017
First round
1
Rounds on file
How it compares to the market

Benchmarked against 16 companies in Insurtech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.3× of median
This company$400K
Sector median$1.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.4× of median
This company$400K
Sector median$925K
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$13.6M
Sector median$20.5M

Raised more than 13% of sector peers (real $). Modeled value above 50% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$400K2017-09-01$2.2M$13.6M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$400K2017-09-01
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
Intelligence
Modeled next raise
$640K
Modeled next size est.range $416K$1.0M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Mark D. Fandrich2022-03
Michael R. Zapata2022-03
Randall D. Sampson2022-03
Richard A. Primuth2022-03
Roger H.D. Lacey2022-03
Steven D. Webster2022-03
Registry & provenance

Pineapple is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
ZA
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
OctamileInsurtechPre-Seed$500K$8.3Msame sector · same stage
InvestSureInsurtechPre-Seed$685K$23.3Msame sector · same stage
SehatechInsurtechPre-Seed$850K$5.8Msame sector · same stage
Nice DeerInsurtechPre-Seed$1.0M$12.7Msame sector · same stage
True Insurtech Solutions LlcInsurtechPre-Seed$1.0M$5.8Msame sector · same stage
MyCover.aiInsurtechPre-Seed$1.3M$9.1Msame sector · same stage
ETAPInsurtechPre-Seed$1.5M$20.5Msame sector · same stage
AlphaDirectInsurtechSeries A$600K$9.9Msame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Pineapple, Inc.OtherPre-Seed$2.9M83%
Wind Harvest International, Inc.Other EnergySeries A$14.8M83%
American Resources CorpOther EnergySeries B$164.9M83%
Juicer Energy Inc.Other EnergySeries A$8.1M83%
Blue Biofuels, Inc.Other EnergySeed$583K83%
Indo-Pacific Resources IncOther EnergySeed$13.3M83%
Organic Pineapple Holdings, LLCAgricultureSeed$16.1M83%
NovoHydrogen Holdings LLCOther EnergySeries B$146.9M83%
Investors

Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.

FirmRoundConfidence
Hannover Re GroupPre-Seed55%
Lireas HoldingsPre-Seed55%
Frequently asked
How much funding has Pineapple raised?
Pineapple has raised approximately $400K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Pineapple's estimated valuation?
Provath's modeled valuation for Pineapple is approximately $13.6M (modeled range $261K–$154.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pineapple at?
Pineapple's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Sep 01.
What does Pineapple do and where is it based?
Pineapple operates in the Insurtech sector. SA insurtech startup Pineapple raises $400k funding 0 By Tom Jackson on September 1, 2017 News , Southern Africa Johannesburg-based insurtech startup Pineapple has secured seed funding of ZAR5.2 million (US$400,000) from Lireas Holdings, the strategic investment arm of Hannover Re Group Africa, as it prepares to launch by the end of the year. The funding raised by Pineapple , which is in return for a minority shareholding, will assist the startup in bringing its peer-to-peer insurance offering to market.
Explore related

See where Pineapple sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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