Participated · Seed · Dec 2021

Founded in 2017, OKO develops and distributes mobile-first climate and crop insurance products tailored to smallholder farmers who are vulnerable to erratic weather. Farmers register and manage policies entirely through their phones, allowing OKO to serve remote communities in Ivory Coast, Mali, Uganda, Mozambique, and Angola. To date, the platform has protected more than 33,000 farmers and has paid every validated claim, bolstering user trust and partner confidence. The company’s data-driven underwriting helps partners such as financial institutions, agritech firms and agro-industries embed automated insurance into existing value chains. With climate volatility increasing, OKO positions its insurance as an essential resilience tool rather than an optional add-on. The newly raised capital strengthens its balance sheet and will fund geographic expansion, deeper integrations with partners, and further product development aimed at large agricultural businesses as well as smallholders. Although specific revenue figures are not disclosed, the company’s successful track record of claim settlements and growing customer base underpin its growth prospects.

Participated · Seed · Apr 2021

OKO builds automated agricultural insurance products for smallholder farmers using satellite data and mobile payments to detect weather-driven losses and pay claims. The company operates in Mali and Uganda and aims to expand to other African markets, starting with Ivory Coast. Its service is accessible via a short phone code and mobile money (no smartphone required) through partnerships with mobile operators such as Orange Money. OKO has about 7,000 paying customers in Mali and compensated more than 1,000 farmers affected by floods last year; it has run successful pilots with ABInBev and Touton. The startup positions itself as an inclusive, parametric-style insurer that also works with agro-industries to help meet sustainability and supplier‑security goals. OKO was founded in 2017.