Turaco

Turaco

Freeing people from the fear of financial shocks.

Founded 2019 Kenya

Kenya 168 employees Series A Total: $13.30M Financial Services, Insurance +4

Turaco is a Kenyan-based startup founded in 2019 with a mission to provide accessible insurance products to underserved customers in Africa through technology-enabled, white-labeled partnerships with the region's top brands. The company's slogan, "Freeing people from the fear of financial shocks," reflects its vision to insure the next 1 billion people. With a focus on Financial Services, Insurance, Insurtech, Internet, Health insurance, and Life insurance industries, Turaco aims to serve as a safety net for individuals, ensuring financial security in the face of unexpected events. In August 2022, Turaco secured a significant milestone with a $10.00M Series A investment led by a consortium of prominent investors including PUSH Ventures, Novastar Ventures, Asi Ventures, Enza Capital, Global Partnerships, Zephyr Acorn, Operator Stack Fund, and AfricInvest. This funding injection is a testament to the confidence these investors have in Turaco's disruptive approach to insurance provision in Africa. Overall, Turaco's innovative business model, commitment to leveraging technology for wider financial inclusion, and strategic partnerships with leading African brands position it as a significant player in the insurtech space, particularly in the African market.

Funding Stage	Amount	Investors	Lead Investors	Date
Series A	$10.00M	8	PUSH Ventures, Novastar Ventures +6	31 Aug 2022
Seed Round	$2.00M	2	Novastar Ventures, AfricInvest	10 Nov 2020
Seed Round	$1.20M	-		11 Dec 2019
Non Equity Assistance	$60.00K	-		27 Jun 2019
Grant	$40.00K	-		20 Dec 2018

Funding Stage

Amount

Investors

Lead Investors

Date

Series A

$10.00M

PUSH Ventures, Novastar Ventures +6

31 Aug 2022

Seed Round

$2.00M

Novastar Ventures, AfricInvest

10 Nov 2020

Seed Round

$1.20M

11 Dec 2019

Non Equity Assistance

$60.00K

27 Jun 2019

Grant

$40.00K

20 Dec 2018

FAQ About Turaco

Freeing people from the fear of financial shocks.

Turaco was founded in 2019.

Turaco is headquartered in Kenya.

Turaco operates in Financial Services, Insurance, Insurtech, Internet, Health insurance and Life insurance. Its work centres on insurtech, microinsurance, innovation and socialimpact.

Turaco has approximately 168 employees.

Turaco has completed 5 funding rounds, raising a total of $13.30M. The latest funding stage is Series A.

Top alternatives and competitors to Turaco include Trellis, Covr Financial Technologies, Stello, Casava, MIC Global. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Turaco and Trellis are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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