Total amount raised
$47M
Latest funding date
2026-03-19
Location
Laka has successfully raised significant funding through multiple rounds, establishing itself as a notable player in the bicycle insurance market. The company offers a unique people-powered insurance model that ensures fair and variable monthly contributions for cyclists.
What Is Laka?
Laka, founded in 2017, is a UK-based company specializing in bicycle and green mobility insurance through a unique people-powered model. This innovative approach ensures fair and variable monthly contributions for cyclists, making insurance more equitable.
The company was established by Tobias Taupitz, Ben Allen, and Jens Hartwig, who aimed to revolutionize the insurance industry. Their vision has attracted a growing team of dedicated professionals.
With a workforce of over 50 employees, Laka continues to expand its services, offering comprehensive coverage options for cyclists and e-mobility riders across Europe.
How Much Funding Has Laka Raised?
- Pre-Seed Round
- Amount Raised: $1,500,000
- Date: June 2018
- Lead Investors: Tune Protect Group (with participation from 500 Global/Startups and angel investors)
- Motivation Behind the Round: To develop the initial product and launch the company.
- Seed Round
- Amount Raised: $4,700,000
- Date: February 2020
- Lead Investors: LocalGlobe, Creandum
- Motivation Behind the Round: To expand services to other markets, including the Netherlands and Malaysia.
- Series A Round
- Amount Raised: $12,000,000
- Date: January 2022
- Lead Investors: Autotech Ventures (with ABN AMRO Ventures, Ponooc, Creandum, LocalGlobe, 1818 Ventures, Elkstone Partners)
- Motivation Behind the Round: To scale operations, enhance technology infrastructure, and expand across Europe.
- Series A Extension
- Amount Raised: Approx. $1,500,000 (extension to total ~$13,500,000 Series A)
- Date: June 2022
- Lead Investors: Porsche Ventures (with existing investors Autotech Ventures, Ponooc, ABN AMRO Ventures, Creandum, LocalGlobe, 1818 Ventures, Elkstone Partners)
- Motivation Behind the Round: To enable German market expansion.
- Growth Round (Equity + Debt)
- Amount Raised: €7,600,000 (~$8,100,000)
- Date: October 2023
- Lead Investors: Shift4Good (with Autotech Ventures, Porsche Ventures, Ponooc, ABN AMRO Ventures, Creandum, 1818 Ventures, Elkstone Partners)
- Motivation Behind the Round: To boost transition to greener modes of transport and pursue M&A activity including acquisition of Cylantro.
- Series A Extension (Achmea)
- Amount Raised: Undisclosed
- Date: April 2024
- Lead Investors: Achmea Innovation Fund
- Motivation Behind the Round: To further extend the investment round and support embedded insurance growth.
- Series B Round
- Amount Raised: $10,400,000 (£7,600,000 equity)
- Date: July 2025
- Lead Investors: Shift4Good, MS&AD Ventures (co-leads; with Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, Republic/Seedrs)
- Motivation Behind the Round: To accelerate path to profitability and drive growth as Europe's leading green mobility insurer.
- Venture Debt (HSBC)
- Amount Raised: £6,500,000 (~$8,500,000)
- Date: November 2025
- Lead Investors: HSBC Innovation Banking
- Motivation Behind the Round: To accelerate European acquisition strategy, bringing total Series B to £14.1 million.
- Non-Equity Assistance
- Amount Raised: Undisclosed
- Date: March 2026
- Lead Investors: 500 Global
- Motivation Behind the Round: Non-equity program support; amount not publicly disclosed.
Total Amount Raised: At least $46,700,000 based on disclosed funding (excluding undisclosed rounds). Current Valuation: Not publicly disclosed.
Key Investors
- Shift4Good
- Details: Shift4Good is a Paris-based impact investor focused on sustainable mobility. They co-led Laka's Series B and led the 2023 growth round.
- Investment Focus Areas: Sustainable mobility, green transport, insurtech
- Notable Investments: Various sustainable mobility ventures across Europe
- MS&AD Ventures
- Details: MS&AD Ventures is the corporate venture arm of MS&AD Insurance Group, one of Japan's largest insurance groups. They co-led Laka's Series B.
- Investment Focus Areas: Insurtech, mobility, fintech
- Notable Investments: Various global insurtech companies
- Autotech Ventures
- Details: Autotech Ventures is a US-based venture capital firm that invests in transportation technology companies. They led Laka's Series A and have participated in multiple subsequent rounds.
- Investment Focus Areas: Transportation technology, mobility, insurtech
- Notable Investments: Numerous mobility and transport technology startups
- LocalGlobe
- Details: LocalGlobe is a UK-based venture capital firm that invests in early-stage companies with a strong focus on supporting innovative startups.
- Investment Focus Areas: Technology, insurtech, fintech
- Notable Investments: Cuvva, Zego, FloodFlash
- Creandum
- Details: Creandum is a leading European venture capital firm known for backing successful tech startups. They have invested in Laka from Seed through Series B.
- Investment Focus Areas: Technology, fintech, consumer internet
- Notable Investments: Spotify, iZettle, Klarna
What's Next for Laka?
As Laka looks to the future, the opportunities are vast. The company is poised to expand its unique insurance model beyond high-end bicycles, targeting other high-value possessions. With plans to enter the European market and launch Sharia-compliant insurance in Malaysia, Laka is tapping into significant growth potential.
To support this expansion, future fundraising rounds are likely. The involvement of prominent investors and the company's innovative approach make it an attractive candidate for additional investment. However, scaling the community-based model and navigating diverse regulatory environments will be challenging. Maintaining customer satisfaction and transparency as the company grows will be crucial for sustained success.
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