About Turaco
Turaco is a Healthcare company based in Nairobi (Kenya) founded in 2018 by Peter Gross and Ted Pantone. An online micro-health insurance platform is provided for individuals. It operates in the Healthcare and Financial Services sectors. Turaco has raised $17.92 million across 9 funding rounds from investors including Mercy Corps, Zephyr Management and Africinvest. Turaco has completed 2 acquisitions, including MicroEnsure and MicroEnsure Ghana. Its chief executive, as recorded, is Ted Pantone. Turaco offers products and services including Health Insurance, Life Insurance, and Asset Insurance. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and Health. Its legal entity is Turaco Inc.
Company details
Turaco was founded in 2018 in Nairobi, Kenya, as a provider in the micro-insurance sector. An online platform is operated to deliver health insurance with low premiums to low-income individuals. Claims processing services are handled, and distribution occurs through partnerships with businesses. Coverage is focused on accessible protection for underserved populations in the region.
- Headquarters Nairobi, Kenya
- Founders Peter Gross, Ted Pantone
- SectorsHealthcareFinancial Services
- Website turaco.insure
- Social LinkedIn X Facebook
- Legal Name Turaco Inc.
- Total Equity Funding$17.92M (USD)
in 9 rounds
- InvestorsMercy Corps
& 14 more
- Investments & AcquisitionsMicroEnsure
& 1 more
Products & Services of Turaco
Turaco offers a comprehensive portfolio of products and services, including Health Insurance, Life Insurance, and Asset Insurance.
Provides affordable health coverage for individuals and families.
Offers protection plans against life risks for customers.
Delivers coverage for assets to mitigate financial shocks.
Funding Insights of Turaco
Turaco has successfully raised a total of $17.92M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $17.92M
- Total Rounds 9
- First Round $40,000
(Jun 2018)
- Investors Count 15
All 9 funding rounds of Turaco with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2026 | Series A | – | – | – | |
| Nov 2025 | $1.26M | Series A | – | – | – |
| Sep 2022 | $10M | Series A | – | Africinvest | |
| Dec 2020 | $3.36M | Series A | – | – | – |
| Dec 2020 | Debt – Conventional | – | – | – | |
| Oct 2020 | $2M | Seed | – | Novastar Ventures | |
| Dec 2019 | $1.2M | Seed | – | – | |
| Jun 2019 | $100,000 | Seed | – | Praxis | – |
| Jun 2018 | $40,000 | Grant | – | – |
15 investors in total: 15 institutional.
Investors in Turaco
Turaco has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Mercy Corps, Zephyr Management and Africinvest.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm | africinvest.com | Paris, France | ||
Venture capital firm investing in multiple sectors | novastarventures.com | Nairobi, Kenya | ||
Enza Capital is engaged in venture capital investments across Africa. | enza.capital | Nairobi, Kenya | ||
Global Partnerships is focused on impact-first investments for poverty alleviation. | 1994 | globalpartnerships.org | Seattle, United States | |
Investment advisory, equity financing, and portfolio management in emerging markets. | zmlp.com | New York, United States | ||
Venture capital firm focused on multiple sectors | operator-stack.com | San Francisco, United States | ||
| asiventures.com | ||||
Venture capital investments are made in technology startups through a global ecosystem. | cathayinnovation.com | |||
Venture capital funding is provided for early-stage startups by PUSH VC. | push.vc | Wien, Austria | ||
Seed-stage tech investments are focused on Europe and the US. | mushaventures.com | New York, United States |
Investor details for Turaco
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Turaco
32 people are tracked at Turaco (10 in leadership, 22 in team).
| Name | Role | Group |
|---|---|---|
Peter Gross | Co-Founder | Leadership |
Ted Pantone | Co-Founder & CEO | Leadership |
Shane McLean | Managing Director | Leadership |
Samuel Mandillah | Head Of Data And AI | Leadership |
Leona Lillian Abban | General Manager, Turaco Ghana | Leadership |
Leticia Ashong | Head Of Operations | Leadership |
Thomas Mwania | Head Of Engineering | Leadership |
Martin Githaiga | Head Of People | Leadership |
Rachel Levenson | Chief Commercial Officer | Leadership |
Toba Obaniyi | General Manager - Nigeria | Leadership |
Miriam Kimani | People Operations Lead | Team |
Adul C. | Operations Associate | Team |
Tindy M. | Quality Coordinator | Team |
Rose Agbese | Administrative Officer | Team |
Joanne Ndung'U | Customer Experience Lead | Team |
Leah Mungai | Underwriting Manager | Team |
Orishaba Joan | Finance And Administrative Assistant | Team |
Ibinye Adigwe | Partnership Manager | Team |
Crispus Masaba | Insurance Operations Associate | Team |
Samuel Kyalo | Senior Software Engineer | Team |
12 more people are available in the full profile.
Complete people profiles for Turaco
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Turaco
Turaco has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MicroEnsure and MicroEnsure Ghana.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Microinsurance brokerage services are offered in Ghana. | Accra, Ghana | 0 | Sep 2023 | •••• | ||
Micro-insurance is delivered online to low-income individuals and businesses. | microensure.com | Cheltenham, United Kingdom | 2002 | Sep 2023 | •••• |
Complete acquisition details for Turaco
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Turaco
5 dated milestones of Turaco across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Turaco is founded.
- Funding First funding round of $40K.
- Acquisition Acquires MicroEnsure.
- Acquisition Acquires MicroEnsure Ghana.
- Funding Latest funding round, Series A,.
Web traffic of Turaco
The website of Turaco (turaco.insure) receives about 2.2K visits a month.
- Monthly visits2.2K
▼ 81.7% vs previous month
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Frequently Asked Questions about Turaco
Turaco was founded in 2018.
Turaco is headquartered in Nairobi, Kenya.
Ted Pantone is the CEO of Turaco, as recorded in our data. They have also founded this company.
Turaco is a funded company, having raised a total of $17.92M across 9 funding rounds to date. The company's 1st funding round was a Grant of $40K, raised on Jun 2018.
Turaco was founded in 2018 in Nairobi, Kenya, as a provider in the micro-insurance sector. An online platform is operated to deliver health insurance with low premiums to low-income individuals. Claims processing services are handled, and distribution occurs through partnerships with businesses. Coverage is focused on accessible protection for underserved populations in the region.
Turaco offers Health Insurance, Life Insurance, and Asset Insurance.
Turaco has made 2 acquisitions, including MicroEnsure, and MicroEnsure Ghana.
Turaco has 15 investors. Key investors include Mercy Corps, Zephyr Management, Africinvest, Novastar Ventures, and Enza Capital.
Turaco operates through Turaco Inc..