What is OKO?
OKO is an innovative insurtech company that leverages satellite and mobile technology to provide accessible and affordable crop insurance solutions for smallholder farmers. By establishing strategic partnerships with weather data suppliers, OKO develops parametric insurance products. These products are underwritten by locally licensed insurance entities, ensuring compliance and local market integration. The company's mission is to mitigate climate-related risks for vulnerable agricultural communities, thereby enhancing food security and farmer livelihoods.
How much funding has OKO raised?
OKO has raised a total of $1.7M across 1 funding round:
Angel/Seed
$1.7M
Angel/Seed (2022): $1.7M with participation from Techstars, Henry Allard, Newfund, ImpactAssets, Katapult, Mercy Corps Venture, Lionel Dorie, Guillaume Leenhardt, and ResiliAnce
Key Investors in OKO
Techstars
Techstars is a global network of accelerators and venture capital funds focused on empowering entrepreneurs and building thriving startup ecosystems worldwide.
Newfund
Newfund Capital is an early-stage venture capital firm that invests in exceptional entrepreneurs, focusing on startups that benefit both people and the planet.
ImpactAssets
ImpactAssets is a leading partner in impact investing and philanthropic giving, offering a donor-advised fund and an impact investment platform to drive positive global change.
What's next for OKO?
With the recent infusion of capital, OKO is poised for accelerated growth and expansion. The company is expected to further enhance its technological infrastructure, broaden its reach to more smallholder farmers, and potentially explore new product lines or geographical markets. This strategic investment will likely support scaling operations, strengthening partnerships, and solidifying its position as a leader in climate-resilient agriculture insurance.
See full OKO company page
