What is Laka?
Laka operates as a transformative platform that challenges the status quo of traditional insurance. By leveraging a collective-driven approach, the company eliminates upfront premiums, instead charging members based on the actual cost of claims submitted by the collective in the preceding month. This model incentivizes lower claim volumes, as members share the financial burden, effectively aligning the interests of the insurer and the insured. Laka handles all claims processing, ensures fair cost distribution, and implements a protective cap on monthly expenditures based on the value of the insured equipment. This innovative framework has positioned Laka as a leader in the insurtech space, particularly for cycling and mobility equipment, where it provides a more transparent and community-centric alternative to legacy insurance products.
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 Creandum, Elkstone Partners, ABN AMRO Bank, AutoTech Ventures, LocalGlobe, and Ponooc
Private Equity (2022): $1.5M supported by Porsche Ventures
Other Financing Round (2023): $8M featuring AutoTech Ventures, ABN AMRO Bank, Ponooc, and Porsche Ventures
Series B (2025): $10.4M backed by Achmea, Ms&ad Ventures, Ponooc, and Shift4Good
Key Investors in Laka
Achmea
Achmea Innovation Fund invests in entrepreneurs with proven product-market fit and innovative business models in strategic focus areas, supporting startups that contribute to a healthier, safer, and more sustainable society.
Ms&ad Ventures
MS&AD Ventures is a corporate venture capital firm affiliated with MS&AD Insurance Group Holdings, focusing on early-stage investments in innovative startups across the insurtech, fintech, and healthcare sectors.
Ponooc
Ponooc is a venture capital fund investing in start-ups and scale-ups focused on sustainable energy and mobility solutions, providing critical support to companies developing innovative infrastructure for the future of transport.
What's next for Laka?
With the successful completion of this major enterprise-level funding, Laka is well-positioned to accelerate its market penetration and refine its technological infrastructure. The strategic nature of this capital suggests a focus on scaling operations and potentially expanding its product suite to address broader mobility insurance needs. As the company continues to grow, it will likely leverage the expertise of its diverse investor base—ranging from automotive-focused venture firms to established banking institutions—to navigate the complexities of international expansion and further optimize its collective-based risk management algorithms. The focus remains on maintaining the integrity of its community-driven model while scaling to meet the demands of a global market increasingly interested in sustainable and fair financial services.
See full Laka company page
