Insurtech Laka secures $10.4m in funding
London-based insurtech Laka, which bought the renewal rights to CoverCloud’s bike portfolio last year, has raised $10.4m (£7.73m) in a Series B funding round.
Across nine EU markets and the UK, Laka’s flagship product is bike, e-bike and e-cargo bike insurance, alongside other products such as personal liability, health and recovery, and solutions for commercial partners.
The green mobility insurance firm uses a community-driven insurance model.
As sustainable transport and micro mobility expand across Europe, the need for seamless, customer centric insurance has never been greater.
Customers pay no upfront premiums and are instead charged based on the
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