Loadsure has raised $12.0M in total across 2 funding rounds.
Loadsure's investors include Adverb Ventures, Coelius Capital, Colle Capital, CSC Venture Capital, Dawn Capital, Kevin Ding, Homebrew, Khosla Ventures, LocalGlobe, MMC Ventures, Norwest Venture Partners, Prelude Ventures.
Loadsure is an insurtech company providing data-driven, embedded cargo insurance for the freight industry, operating as a Lloyd's-backed managing general agent (MGA) and coverholder.[1][2][3] It offers real-time, AI-priced all-risk coverage, loss prevention tools, and automated claims processing to shippers, freight brokers, carriers, and insurance agents, addressing the freight underinsurance crisis with instant quotes in under 60 seconds and payouts in under three days.[1][2][3] The platform integrates via API into TMS workflows, supports domestic and international pay-as-you-go or annual policies, and covers hard-to-insure items like alcohol, pharmaceuticals, and perishables, with recent expansions including LTL Coverage+ and Holistic Freight Protection.[1][2][3]
Since its 2018 founding, Loadsure has achieved key milestones like $11M Series A funding in 2022, international launches in Europe by 2024, and partnerships with top TMS platforms, demonstrating strong growth in scalable freight protection.[1]
Loadsure was founded in November 2018 by Johnny McCord, an insurtech innovator who applied a digital-first approach to solve the freight underinsurance crisis by creating the first end-to-end insurtech platform for shippers and freight brokers.[1] McCord's background in transportation and logistics insurance drove the vision for automation, predictive analytics, and streamlined premiums and claims to transform efficiency in the sector.[1]
Early traction included two milestones in September 2021: the first international integration with Exfreight and the first LTL integration with FreightCenter.[1] This momentum led to $11M in Series A funding in March 2022, validating demand, followed by a European launch in April 2024 across Benelux, Germany, France, Denmark, Norway, Finland, and Sweden, and the November 2024 unveiling of Holistic Freight Protection at the Future of Freight Festival.[1]
Loadsure rides the insurtech wave in logistics, leveraging AI and embedded insurance to match the digital transformation of freight amid e-commerce growth, supply chain disruptions, and rising cargo theft.[1][2][3] Its timing aligns with post-pandemic demand for real-time risk management, as traditional insurance lags freight's pace—underinsuring 80% of loads—while API integrations capitalize on TMS adoption by brokers and 3PLs.[1][3]
Market forces like globalization and regulatory shifts favor its Lloyd's-backed model, enabling cross-border expansion and specialized coverage, influencing the ecosystem by setting standards for automated, data-priced freight insurance and partnering with platforms to normalize embedded protection.[1][2]
Loadsure is poised to dominate embedded cargo insurance with AI advancements, potentially expanding Holistic Freight Protection to more regions and asset classes like autonomous vehicles or drone deliveries.[1][3] Trends in predictive analytics, blockchain for claims, and climate-resilient logistics will shape its path, amplifying influence as underinsurance persists amid volatile global trade.[2]
As the pioneer turning freight risk into resilience, Loadsure exemplifies insurtech's power to scale protection with every load, positioning it for outsized growth in a trillion-dollar market.[1][3]
Loadsure has raised $12.0M across 2 funding rounds. Most recently, it raised $11.0M Series A in March 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2022 | $11.0M Series A | Adverb Ventures, Coelius Capital, Colle Capital, CSC Venture Capital, Dawn Capital, Kevin Ding, Homebrew, Khosla Ventures, LocalGlobe, MMC Ventures, Norwest Venture Partners, Prelude Ventures, Target Global, Andy Rankin, Anshu Sharma, Anthony Soohoo, Don Hutchison, Marc McCabe, Vishal Makhijani | |
| Mar 1, 2020 | $1.0M Seed | Mundi Ventures, Outrun Ventures, Scalebridge Capital, Daniel Graf, Will Brooks, Will Martin |
