Kenyan micro-insurtech startup secures $2-million

Turaco, a Kenya-based micro-insurtech startup has secured $2-million in series seed equity investment from Novastar Ventures, Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acron, and several angel investors.

The investment will be utilised to further grow Turaco and to upscale its operations in Sub-Saharan Africa. In addition, the startup aims to develop its proprietary technology and provide employment opportunities to grow the business.