Laka, a London-based InsurTech focused on green mobility, has raised $10.4m in a Series B round to support its growth across Europe and accelerate its path to profitability.
The funding was co-led by Shift4Good and MS&AD Ventures, with backing from Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures and Republic.
Laka provides collective-driven insurance for e-bikes, e-scooters and other sustainable transport. Its flagship product offers flexible monthly payments, with premiums based on actual claims, rather than fixed rates.
The company will use the new funds to support its European expansion, pursue further acquisitions, and finalise a debt deal to fund its M&A strategy. It may also launch an extension round later in 2025.
Recent acquisitions include Luko’s e-scooter portfolio, CoverCloud’s UK bike insurance renewals, and French e-bike broker Cylantro. These deals have strengthened Laka’s position in nine EU markets and the UK.
Laka CEO and co-founder Tobias Taupitz said, “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.”
Shift4Good founding partner Matthieu de Chanville said, “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.”
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