Laka has raised $26.0M in total across 3 funding rounds.
Laka's investors include Autotech Ventures, Cota Capital, Creandum, LocalGlobe, Scale Asia Ventures, Vintage Investment Partners, Chris Murphy, Ingeborg Investments, LAUNCH.
Laka is a London-based insurtech company founded in 2016 that provides collective-driven insurance for bikes, e-bikes, e-scooters, and green mobility, operating across the UK and nine EU countries.[1][4] It serves individual cyclists and commercial partners like Decathlon, Brompton, and Gazelle, solving pain points in traditional insurance—such as long contracts, fine print, rejected claims, and poor service—through a customer-aligned model where Laka earns only on settled claims, offers zero excess, monthly contracts, and transparent pricing based on collective claims history.[1][2][5] Beyond insurance, Laka offers bike recovery, replacement, parts salvaging/recycling, and B2B embedded solutions, driving strong year-on-year growth, high retention, rising revenue per customer, and seven wins as Best Cycle Insurance Provider.[1][2]
The company has raised $29.92M total, including a $10.4M Series B equity round in July 2025 and £6.5M venture debt from HSBC in November 2025 (bringing Series B to £14.1M), funding European expansion, M&A in fragmented markets, and profitability acceleration amid micromobility's projected growth from $60B in 2022 to $140B by 2030.[1][2][4]
Laka was founded in 2016 in London by CEO & Co-Founder Tobias Taupitz and team, challenging outdated insurance with a collective model where customers pay based on prior month's collective claims—fewer claims mean lower charges for all, aligning incentives and fostering community.[4][5] The idea emerged to fix cyclist frustrations like theft vulnerability and unfair premiums, starting as a bike insurer and evolving into a multi-vertical green mobility platform.[1][5] Early traction came from award-winning cycle coverage, global options, legal aid, and discounts, leading to rapid expansion across Europe via partnerships and acquisitions like French startup Cylantro.[1][2][4]
Pivotal moments include transforming over two years into operations in nine EU markets plus UK, deepening B2B ties with retailers/manufacturers, and recent funding to scale—positioning Laka as Europe's category-defining green mobility insurer.[1][2]
Laka rides the micromobility and green transport boom, capitalizing on e-bike/scooter adoption amid urbanization, sustainability mandates, and EU policies favoring low-emission mobility—market projected to hit $140B by 2030.[2] Timing is ideal in a fragmented insurance sector, where Laka consolidates via M&A/expansion, leveraging scale for trust and efficiency as theft/damage risks rise with 3.25M+ e-scooter sales in Europe (2020-2023).[2][4] Favorable forces include insurtech disruption (better UX/underwriting via data), B2B embedded insurance trends, and recycling mandates reducing waste.[1][3] Laka influences the ecosystem as a hub connecting retailers/manufacturers to users, promoting collective risk-sharing that could inspire broader insurtech models for climate-adaptive transport.[1][2]
Laka is poised to dominate European green mobility insurance through aggressive scaling, M&A in fragmentation, and profitability push, backed by recent £14.1M Series B and HSBC debt.[2] Next steps include deeper EU penetration, more commercial integrations, and platform expansions like advanced recovery/AI claims—fueled by micromobility growth and net-zero pressures.[1][2] Evolving trends like regulatory tailwinds for sustainable transport and data-driven personalization will amplify its edge, potentially extending to new verticals (e.g., e-cargo fleets). As the go-to for aligned, collective coverage, Laka exemplifies insurtech's shift from adversarial to ecosystem-enabling, solidifying its path from cycle specialist to continental leader.[1][2]
Laka has raised $26.0M across 3 funding rounds. Most recently, it raised $10.0M Series B in July 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2025 | $10.0M Series B | Autotech Ventures, Cota Capital, Creandum, LocalGlobe, Scale Asia Ventures, Vintage Investment Partners, Chris Murphy | |
| Nov 1, 2021 | $12.0M Series A | Autotech Ventures, Ingeborg Investments, LAUNCH, Chris Murphy, Cota Capital, Creandum, LocalGlobe, Scale Asia Ventures, Vintage Investment Partners | |
| Feb 1, 2020 | $4.0M Seed | Autotech Ventures, Cota Capital, Creandum, LocalGlobe, Scale Asia Ventures, Vintage Investment Partners, Chris Murphy |
