# Pula

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pula

- Industry: Insurance
- Headquarters: Glarus, Switzerland
- Website: www.pula-advisors.com/
- Total disclosed funding: $26M
- Latest round: Series B (Apr 15, 2024)
- Investors on record: 11

## About

Founded in 2014 and based in Glarus, Switzerland, Pula GmbH operates as a provider of insurance and digital tools for farmers to optimize farming methods, control dangers, and increase their earnings. In April 2024, Pula GmbH raised USD 20 million in Series B funding led by investor BlueOrchard, with participation from other investors including International Finance Corporation, the Bill and Melinda Gates Foundation, and Hesabu Capital.

Pula designs and delivers yield-based insurance products for smallholder farmers. The products leverage technology to assess risks and facilitate payouts based on factors like weather data, rather than relying on traditional field inspections. In addition to insurance, Pula offers digital tools to support farmers, potentially including information on best practices or market access.

The company will use the April 2024 funding to form new alliances to broaden the scope of its insurance offerings to include livestock insurance.

## Funding rounds

- Series B, Apr 15, 2024, $20M — BlueOrchard Finance, Bill and Melinda Gates Foundation, [DUP] International Finance Corporation, Hesabu Capital
- Series A, Jan 25, 2021, $6M — TLcom Capital, Women's World Banking
- Seed, Apr 17, 2018 — Accion, Omidyar Network, Ananda Impact Ventures, Mulago Foundation, Choiseul Africa Capital

## Investors

- Accion (https://capitalatlas.ai/funds/accion) — Seed
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Seed
- Ananda Impact Ventures (https://capitalatlas.ai/funds/ananda-impact-ventures) — Seed
- Mulago Foundation — Seed
- Choiseul Africa Capital — Seed
- TLcom Capital (https://capitalatlas.ai/funds/tlcom-capital) — Series A
- Women's World Banking — Series A
- BlueOrchard Finance (https://capitalatlas.ai/funds/blueorchard-finance) — Series B
- Bill and Melinda Gates Foundation — Series B
- [DUP] International Finance Corporation — Series B
- Hesabu Capital (https://capitalatlas.ai/funds/hesabu-capital) — Series B