February 02, 2021 - BY Admin
Pula, a Kenyan agricultural insurance startup focused on smallholder farmers in Global South nations has raised a $6m Series A round led by Pan-Africa early-stage VC firm, TLcom, with collaboration from a non-profit organisation, Women’s World Banking.
This is coming two years after it secured a $1million seed round from Rocher Participations, supported by Accion Venture Lab, Omidyar Network, including other angel investors.
Since launching in 2015, Pula’s innovative approach to derisking farmers from droughts, excessive rainfall, pests and diseases is by leveraging machine learning, crop cuts experiments and data points relating to weather patterns and farmer losses.
From: www.techpoint.com
