Micro-insurtech startup Turaco has announced the close of a $2 million fundraising round to further grow the business and scale its operations in sub-Saharan Africa. The round was led by Novastar Ventures, with participation from Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acorn, alongside some angel investors who were already invested in Turaco. The funding comes a year after the company’s last raise of $1.2 million in seed capital.

Turaco co-founder and CEO, Ted Pant...