Turaco, a Nairobi-based micro-insurtech startup has raised $1.2 million in seed funding to further scale its operations across Africa.
Turaco’s round of funding was led by GAN Ventures, Mercy Corps Ventures and Musha Ventures alongside several angel investors.
The raise follows USD $40,000 received in grant funding late last year from Villgro Kenya and between $50,000 to $60,000 venture building support facilitated by inclusive fintech accelerator, Catalyst Fund.
In a statement, Turaco Co-founder and CEO, Ted Pantone, said: ‘For this round, we were blessed to be able to choose from a group of investors with different specialties.
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