About Turaco
Turaco is a company based in Nairobi (Kenya) founded in 2018 by Peter Gross and Ted Pantone.. Turaco has raised $16.66 million across 7 funding rounds from investors including Mercy Corps, Zephyr Management and Africinvest. Turaco has completed 2 acquisitions, including MicroEnsure and MicroEnsure Ghana. Turaco offers products and services including Health Insurance, Life Insurance, and Asset Insurance.
- Headquarter Nairobi, Kenya
- Founders Peter Gross, Ted Pantone
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Sectors
HealthcareFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Turaco Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.66 M (USD)
in 7 rounds
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Latest Funding Round
$10 M (USD), Series A
Sep 01, 2022
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Investors
Mercy Corps
& 14 more
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Employee Count
Employee Count
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Investments & Acquisitions
MicroEnsure
& 1 more
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Products & Services of Turaco
Turaco offers a comprehensive portfolio of products and services, including Health Insurance, Life Insurance, and Asset Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides affordable health coverage for individuals and families.
Offers protection plans against life risks for customers.
Delivers coverage for assets to mitigate financial shocks.
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Funding Insights of Turaco
Turaco has successfully raised a total of $16.66M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in September 2022. 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 Total Funding
- Total Rounds 7
- Last Round Series A — $10.0M
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First Round
First Round
(01 Jun 2018)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - Turaco | Valuation | Africinvest | |
| Dec, 2020 | Amount | Series A - Turaco | Valuation |
investors |
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| Dec, 2020 | Amount | Debt – Conventional - Turaco | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Enza Capital is engaged in venture capital investments across Africa.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Turaco
Turaco has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MicroEnsure and MicroEnsure Ghana. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Micro-insurance is delivered online to low-income individuals and businesses.
|
2002 | ||||
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Microinsurance brokerage services are offered in Ghana.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Turaco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Turaco Comparisons
Competitors of Turaco
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Turaco
Frequently Asked Questions about Turaco
When was Turaco founded?
Turaco was founded in 2018.
Where is Turaco located?
Turaco is headquartered in Nairobi, Kenya.
Who is the current CEO of Turaco?
Ted Pantone is the current CEO of Turaco. They have also founded this company.
Is Turaco a funded company?
Turaco is a funded company, having raised a total of $16.66M across 7 funding rounds to date.
What does Turaco do?
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.
What products or services does Turaco offer?
Turaco offers Health Insurance, Life Insurance, and Asset Insurance.
How many acquisitions has Turaco made?
Turaco has made 2 acquisitions, including MicroEnsure, and MicroEnsure Ghana.
Who are Turaco's investors?
Turaco has 15 investors. Key investors include Mercy Corps, Zephyr Management, Africinvest, Novastar Ventures, and Enza Capital.
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