Pula logo

Pula

Operating

Pula uses insurance and digital products to help smallholder farmers endure climate risks, and improve their farming practices.

Are you the founder?
Updated Source: SLA Startup IndexHow we verify →
Total raised
$28.2M
disclosed
Last round
$20M
Series B
Rounds
6
since 2014
Investors
12
listed
Employees
11-50

About Pula

Reimagining agricultural insurance to protect smallholders worldwide. At Pula, we are radically restructuring insurance, using technology and parametric insurance to insure the previously unbanked, uninsured, untapped market of 1.5 billion smallholders worldwide. We work across Africa and Asia, and in 2019 alone, we facilitated crop and livestock insurance cover to 1.1mln farmers and have offered our products in 11 markets from Senegal, Mali, Nigeria, Ethiopia, Kenya, Rwanda, Uganda, Tanzania, Malawi, Zambia, and Mozambique. Since starting in 2015 our products have reached over 3.4mln households. Our Founders work in insurance has been recognized by several international awards including the Financial Times/IFC Award for Sustainable Finance, the Singapore Fintech Festival, Womens World Banking, Credit Suisse, and InsureTech3.0. We partner with organisations across multiple value chains, from agriculture to renewable energy including Fortune 500 Companies, Global NGO’s, Microfinance Instructions, Research Institutions, and Governments to help provide households the protection they need in an increasingly unpredictable climate.

Pula funding6 rounds

All 6 rounds →

Pula has raised $28.2M across 6 disclosed rounds. The latest is a $20M Series B announced 15 Apr 2024, led by BlueOrchard Finance S A.

Capital growthrunning total of disclosed rounds
  1. $1.2MGrantGrant, $1.2M, $1.2M raised to date
  2. $6MSeries ASeries A, $6M, $7.2M raised to date
  3. $1MGrantGrant, $1M, $8.2M raised to date
  4. $20MSeries BSeries B, $20M, $28.2M raised to date

SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn

Who has invested in Pula

RoundAmount
Pula Series B15 Apr 2024Led by BlueOrchard Finance S A +3$20M
Pula Grant17 Mar 2021African Development Bank$1M
Pula Series A25 Jan 2021Led by TLcom Capital +1$6M
Pula Grant19 Dec 2018Led by Mastercard Foundation Fund for Rural Prosperity$1.2M
Pula Venture18 Dec 2018Led by Mastercard Foundation Fund for Rural ProsperityNot disclosed
Pula Seed17 Apr 2018Led by Accion Venture Lab +3Not disclosed

Pula founders & team

Full team →

Pula competitorssame sector · similar funding

More InsurTech startups in Kenya

  • Checkups Medical

    Affordable family health plans and outpatient care for uninsured Kenyans, paid through micropayments. · Kenya

  • INAT

    Buy, renew and manage insurance policies digitally · Kenya

  • AiCare

    Core insurance system for general, medical and life insurers in Kenya, covering policy, claims and finance. · Kenya

  • Bimaleo

    Pay for motor insurance only when you drive · Kenya

  • ACRE Africa

    Climate-risk insurance technology for African smallholder farmers · Kenya

  • Kakbima

    Insurance management and distribution software for insurers, brokers, agents and microinsurers across Africa · Kenya

All 19 InsurTech startups in Kenya

Frequently asked about Pula

Where is Pula based and when was it founded?
Pula is headquartered in Nairobi, Kenya and was founded in 2014.
Who founded Pula?
Pula was founded by Thomas Njeru (Co-Founder & Co-CEO) and Rose Goslinga (Co-Founder & Co-CEO).
Who is the CEO of Pula?
Thomas Njeru is Pula's Co-Founder & Co-CEO.
How much funding has Pula raised?
Pula has raised $28.2M across 6 disclosed rounds. Its latest, a $20M Series B, was announced on 15 Apr 2024.
Who has invested in Pula?
Backers include BlueOrchard Finance S A, International Finance Corporation, Bill & Melinda Gates Foundation, Hesabu Capital and 8 others.
What sector is Pula in?
Pula operates in InsurTech, Insurance and Agricultural Insurance.