What is Laka?
Laka fundamentally challenges conventional insurance by offering customers a fairer, collective-driven system. Unlike traditional models, Laka customers do not pay upfront premiums. Instead, their monthly charges are directly tied to the claims submitted by the collective in the preceding month, meaning fewer claims result in lower costs for everyone. This community-centric model ensures that members benefit from reduced expenses while being protected against high claim volumes, with individual monthly spending capped based on the value of their insured equipment. Laka manages all claims, ensuring fair cost distribution within the collective.
How much funding has Laka raised?
Laka has raised a total of $33.5M across 5 funding rounds:
Angel/Seed
$1.6M
Series A
$12M
Private Equity
$1.5M
Other Financing Round
$8M
Series B
$10.4M
Angel/Seed (2020): $1.6M, investors not publicly disclosed
Series A (2022): $12M led by LocalGlobe, Elkstone Partners, AutoTech Ventures, ABN AMRO Bank, Ponooc, and Creandum
Private Equity (2022): $1.5M supported by Porsche Ventures
Other Financing Round (2023): $8M featuring Ponooc, AutoTech Ventures, ABN AMRO Bank, and Porsche Ventures
Series B (2025): $10.4M backed by Ponooc, Achmea, Shift4Good, and Ms&ad Ventures
Key Investors in Laka
Ponooc
Ponooc is a venture capital fund investing in start-ups and scale-ups focused on sustainable energy and mobility solutions. Following its merger with YARD ENERGY, Ponooc continues its operations as Move Energy. The company has participated in funding rounds for innovative projects such as modular charging solutions for electric cars, smart bike accessories, and platforms for electric vehicle charging data. Ponooc's intended clients include emerging companies within the mobility and sustainable energy sectors.
AutoTech Ventures
Autotech Ventures is an early-stage Silicon Valley venture capital firm with over $270 million under management focused on startups in the $3 trillion global ground transportation industry. The firm provides startups with capital, ground transportation market intelligence, and access to its transportation-focused network which includes executive talent as well as 25+ corporate investors representing a global market capitalization of over $500B. As a lead or follower investor, Autotech Ventures leverages its network to help portfolio companies recruit top industry talent and engage corporations as scale-up partners.
Porsche Ventures
Porsche Ventures engages with top entrepreneurs across the globe through the company's offices in Europe, Silicon Valley, Israel and China. The company partners and invest in companies from early stage through growth, helping the company's founders accelerate by identifying and executing on relevant opportunities. The company's portfolio companies enjoy access to the company's network and industry expertise through valuable collaboration opportunities across the Porsche ecosystem.
What's next for Laka?
The recent major strategic investment signifies a pivotal moment for Laka, positioning it for accelerated scaling and enhanced product development. This capital infusion, part of its $33.5M in total financing, will likely be directed towards expanding its operational reach, refining its technology platform, and potentially exploring new insurance verticals. The company's innovative, customer-centric model, which aligns costs with actual claims, provides a strong competitive advantage. Laka's continued success will depend on its ability to maintain the collective's engagement and manage claim volumes effectively, further solidifying its disruptive presence in the insurance market.
See full Laka company page
