Turaco
Latest round
- Series A
Last raised
- Sep 2022
Total raised
- $13M
Investors
- 12
About Turaco
Based in Nairobi, Kenya and founded in 2019 by Ted Pantone (Co-Founder & CEO) & Peter Gross (Co-Founder), Turaco Insurance Agency is an African microinsurance and technology company. The company provides embedded health and life insurance products through technology-enabled partnerships with businesses across Africa and Pakistan. Turaco Insurance Agency specializes in providing microinsurance and technology solutions aimed at enhancing financial security for customers across Africa. The company offers a range of simple, bespoke insurance products tailored for mass market clients, ensuring affordability and accessibility. These products are designed to address the financial uncertainties that individuals and families face, particularly in response to unexpected events that may require immediate financial support. Turaco’s core offerings emphasize ease of understanding and rapid claims processing, with customers able to communicate through platforms like WhatsApp. The company operates in four key markets: Kenya, Uganda, Ghana, and Nigeria, serving a diverse client base that includes both individual consumers and businesses looking to enhance their service offerings through partnerships with Turaco.00 per month. The company establishes partnerships with various businesses and financial institutions, allowing these partners to offer Turaco's insurance products directly to their customers. This B2B model enhances the reach of the company’s offerings while ensuring that operational and logistical burdens are managed by Turaco, thereby simplifying the integration process for partners. Transactions typically involve subscription-based models, where clients pay monthly premiums for coverage. The efficient claims process, with a median turnaround time of four hours, further solidifies customer trust and retention, contributing positively to the company’s revenue streams.
Who invested in Turaco
12 investors across 3 rounds
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Questions about Turaco
Who invested in Turaco?
Turaco has 12 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Turaco raised?
Turaco has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Turaco last raise money?
Turaco's most recent round on record is a Series A, in Sep 2022.
What does Turaco do?
Based in Nairobi, Kenya and founded in 2019 by Ted Pantone (Co-Founder & CEO) & Peter Gross (Co-Founder), Turaco Insurance Agency is an African microinsurance and technology company.
Where is Turaco headquartered?
Turaco is headquartered in Nairobi, Kenya.
Which VCs invest in companies like Turaco?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back insurance companies at Turaco's stage. Their profiles are linked below.
VCs backing insurance startups at Series A
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