South African insurtech Pineapple announced on Thursday, November 16, via its social networks, the successful completion of a 400 million rand (approx. $21.9 million) Series B funding round. "This funding round stands as a testament to our tech and AI-powered operating model, enabling our mission to offer affordable and comprehensive insurance to all South Africans," said Pineapple co-founder Marnus van Heerden.