Pula, an InsureTech service provider that specialises in digital and agricultural insurance to de-risk smallholder farmers across Africa, has closed a US$6 million Series A fund with TLcom Capital.According to a statement to the media issued yesterday, the new investment would be used to scale-u
Pula Product Shot
Leading Insuretch for Africa’s smallholder farmers closes latest round from TLcom Capital and Women’s World Banking
Pula, an African InsureTech service provider that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6mn Series A fundraise. The Series A fund was led by TLcom Capital, with the participation of Women’s World Banking. The new investment will be used to scale up operations in the company’s existing 13 markets across Africa. Currently, Pula has impacted over 4.3mn farmers on the continent and the new funding will also help propel its expansion into Asia to power resilience and profitability for Asian smallholder farmers.
Kenyan insurtech startup Pula raises $6M Series A to derisk smallholder farmers across Africa
Pula, a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million.
The round was led by Pan-African early-stage venture capital firm, TLcom Capital, with participation from nonprofit Women’s World Banking. The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018.
Founded by Rose Goslinga and Thomas Njeru in 2015, Pula delivers agricultural insurance and digital products to help smallholder farmers navigate climate risks, improve their farming practices and bolster their incomes over time.
Olumuyiwa Olowogboyega
Share this article
Pula, a Kenyan insurtech startup that provides agricultural insurance to smallholder farmers across Africa, has closed a $6 million Series A funding round. The startup was founded by Rose Goslinga and Thomas Njeru in 2015. Pula describes itself as being “at the center of an ecosystem that helps them manage their risks with insurance and digital solutions.”
In Africa, where technological input in smallholder farming is still at a low level, farmers face risks like climate change, pest species, and crop diseases. They manage these risks without any form of insurance, putting their financial stability at risk.