London-based InsurTech Startup Laka Secures €8.8 Million In Series B Round

The funding will help expand its coverage for e-bikes, e-scooters and other sustainable transport options across nine EU countries and the UK.

The round includes continued support from long-time investors like Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, Republic (formerly Seedrs), Porsche Ventures, and several angel investors.

Tobias Taupitz, CEO and Co‑founder, Laka: “Reaching this milestone marks a pivotal moment in Laka’s journey – it’s a testament to the trust we’ve built with riders, retailers and corporate partners across Europe. This new financing will enable us to deepen that trust, expand our category‑defining role in green mobility insurance, and build towards profitability, while pursuing further acquisitions that consolidate this fragmented market.”

Founded in 2017, Laka is rethinking traditional insurance with a fairer, community-based model. Instead of paying fixed premiums, customers only pay at the end of the month based on the actual cost of claims made by the group. Fewer claims mean lower monthly charges.

Laka manages all claims, splits the cost among members, and places a cap on how much each customer pays, based on the value of their insured equipment. Its main products include bike, e-bike, and e-cargo bike insurance, along with personal liability, health & recovery, and commercial solutions.

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The model removes what people dislike about insurance: long contracts, hidden clauses, and poor service. Unlike traditional insurers, Laka earns a fee only when claims are successfully paid, aligning their success with customer satisfaction.

The new €8.8M Series B funding will help Laka move toward profitability. The company may pursue an extension round in 2025 with strategic investors and is also planning a debt financing deal to support its acquisition strategy.

Matthieu de Chanville, Founding Partner at Shift4Good: “As sustainable transport and micro‑mobility expand across Europe, the need for seamless, customer‑centric insurance has never been greater. Laka is positioned to lead this space, aligning interests between riders, retailers, and insurers, and tackling the fragmented nature of the market head on. We’re excited to support their next chapter of growth and to help unlock the full potential of the green mobility revolution across the European continent.”

Over the past two years, Laka has grown from a cycle insurance provider into a multi-vertical green mobility platform operating across nine EU countries and the UK. Its expansion has come through a mix of organic growth and key acquisitions.

In 2025 it acquired Luko’s e-scooter insurance portfolio from Allianz Direct, adding 19,000 customers and strengthening its position in micromobility. In 2024, it secured renewal rights to CoverCloud’s bike insurance portfolio, further expanding its presence in the UK market.

The 2023 acquisition of Cylantro, a French e-bike insurance broker, helped Laka establish a strong foothold in one of Europe’s fastest-growing e-mobility sectors. Laka also partners with major commercial brands like Decathlon, Brompton, Gazelle, Riese & Müller, Tenways, and Ribble to offer embedded insurance solutions.

Jack Toyama, President & Managing Director, MS&AD Ventures: “The micro‑mobility market is evolving rapidly, presenting huge opportunities for platforms that can unify and redefine its insurance offerings. Laka has demonstrated an impressive ability to integrate acquisitions and build a collective‑driven approach that benefits both riders and businesses. We’re proud to support the team as they scale across Europe and help drive the shift towards a cleaner, more connected transport ecosystem.”

By 2030, the global micromobility market is expected to more than double, growing from approximately €136 billion to €290 billion according to McKinsey. Europe is projected to lead this growth with the market holding steady at around €51 billion.

Despite the sector’s rapid expansion, Laka highlights that insurance for micromobility remains highly fragmented. To address this, Laka is expanding beyond insurance with a range of verticalised services, including the recovery and replacement of stolen or damaged bikes and e-scooters, salvaging and recycling bike parts to reduce waste, and offering commercial solutions tailored for retailers, manufacturers, and bike shops.

About Laka

Founded in 2017, Laka offers collective-based insurance, aiming to make protection fair and people-first. Instead of traditional models, Laka builds a growing community that supports one another, challenging outdated insurance systems and creating a more transparent, modern and customer-friendly alternative.