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Asset SalesBrief

UAE's Soter Insure raises Series B from SC Ventures and SBI Group

The Dubai-based insurtech secured funding from Standard Chartered's venture arm and Japan's SBI Group.

Overlapping transparent geometric shapes in blue and grey tones.Photograph by Landiva Weber on Pexels

Soter Insure, a Dubai-based insurtech, closed a Series B funding round from SC Ventures and SBI Group in November 2026. SC Ventures is the innovation and ventures arm of Standard Chartered Bank. SBI Group is a Japanese financial services conglomerate. The size of the round was not disclosed. The transaction marks the second institutional round for the company.

Investors and structure#

SC Ventures led the round. SBI Group participated as a co-investor. Both entities have existing exposure to fintech and insurtech ventures across Asia and the Middle East. Soter Insure did not state whether the round included other participants or whether it remains open for additional commitments. SC Ventures operates as the venture capital and innovation unit of Standard Chartered, with a portfolio spanning payments, lending and insurance technology. SBI Group, headquartered in Tokyo, manages investments across financial services, biotechnology and asset management.

Company background#

Soter Insure operates as an insurance technology platform in the UAE. The company provides digital insurance products and distribution infrastructure. It was founded in Dubai and holds regulatory approvals to operate in the emirate. The company did not disclose its current customer count, premium volume or policy count. The platform targets both retail and commercial insurance segments.

Use of proceeds#

Soter Insure stated the funds will support platform development and market expansion. The company did not specify which markets it intends to enter or which product lines will receive investment. No timeline for deployment was given. The company did not disclose its valuation at the close of the round.

Regional funding context#

MENA startup funding fell 96 percent to $40 million in October 2026, according to data cited by Wamda. The decline followed a period in which larger rounds had driven monthly totals higher. Soter Insure's round closed in November 2026, outside the October reporting period. The October figure represents the lowest monthly total recorded in the region since 2020.

Sources1 source across 1 domain

  1. wamda.comWamdaSoter Insure raised Series B from SC Ventures and SBI Group in November 2026; MENA startup funding fell 96% to $40 million in October 2026

Each source above carries the claim it supports. Links open the publisher's own page; their text is not reproduced here beyond what the claim requires, and their rights remain theirs.

Filed undersoter insureseries bsc venturessbi groupuae insurtechdubai

Equity Arabia is published by Arabian Media Network. Pieces are produced by the Asset Sales Desk with AI-assisted synthesis of the cited sources and automated verification against the network's editorial policy. Every piece carries a desk rather than a reporter. Corrections are recorded on the piece and on the corrections page.

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