# Turaco

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

- Industry: Insurance
- Headquarters: Nairobi, Kenya
- Website: www.turaco.insure
- Total disclosed funding: $13M
- Latest round: Series A (Sep 15, 2022)
- Investors on record: 12

## About

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. In September 2026, Turaco received a venture investment from 3IF Ventures through the Inclusive Insurance Investment Fund.
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.
Turaco generates revenue through the sale of its microinsurance products, which are priced to be accessible, starting from as low as USD 2.00 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.
The company will use the September 2026 funding to support its next phase of growth.

## Funding rounds

- Series A, Sep 15, 2022, $10M — Zephyr Management, Africinvest, Novastar Ventures, PUSH Ventures, Global Partnerships, ASI Ventures, Enza Capital Management, Operator Stack
- Seed, Nov 10, 2020, $2M — Zephyr Management, Novastar Ventures, GAN Ventures, Musha Ventures, Mercy Corps Ventures
- Seed, Dec 11, 2019, $1.2M — GAN Ventures, Mercy Corps Social Venture Fund, Musha Ventures

## Investors

- GAN Ventures (https://capitalatlas.ai/funds/gan-ventures) — Seed
- Mercy Corps Social Venture Fund (https://capitalatlas.ai/funds/mercy-corps-social-venture-fund) — Seed
- Musha Ventures (https://capitalatlas.ai/funds/musha-ventures) — Seed
- Zephyr Management (https://capitalatlas.ai/funds/zephyr-management) — Seed, Series A
- Novastar Ventures (https://capitalatlas.ai/funds/novastar-ventures) — Seed, Series A
- Mercy Corps Ventures (https://capitalatlas.ai/funds/mercy-corps-ventures) — Seed
- Africinvest (https://capitalatlas.ai/funds/africinvest) — Series A
- PUSH Ventures (https://capitalatlas.ai/funds/push-ventures) — Series A
- Global Partnerships (https://capitalatlas.ai/funds/global-partnerships) — Series A
- ASI Ventures (https://capitalatlas.ai/funds/asi-ventures) — Series A
- Enza Capital Management (https://capitalatlas.ai/funds/enza-capital-management) — Series A
- Operator Stack (https://capitalatlas.ai/funds/operator-stack) — Series A