• Laka raises $1.5M seed to take its ‘crowd insurance' model beyond bicycles

    13 days ago - By Tech Crunch

    Laka , a London-based insurtech startup that has developed what it calls “crowd insurance” to rival the traditional premiums and is initially targeting high-end bicycle owners, has raised $1.5 million in seed funding. The round is led by publicly-listed Tune Protect Group, with participation from Silicon Valley's 500 Startups - money that will be used to enter new insurance categories and for international expansion, including South East Asia.
    Founded in 2017, Laka has developed what it claims is a unique insurance model that sees customers only pay for the true cost of cover. At the end...
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  • Marshmallow picks up $1.2M seed to provide car insurance to immigrants and expats

    13 days ago - By Tech Crunch

    Marshmallow , a new ‘insurtech' startup in the U.K. building a product for immigrants/expats who are poorly served by the car insurance market, has picked up $1.2 million in seed funding. Backing the company, which is set to launch later this year, is Passion Capital, and Investec Bank.
    Founded in March 2017 by identical twins Oliver and Alexander Kent-Braham, and David Goate - all three of whom previously worked at digital identity company Yoti - Marshmallow is developing insurance products that aim to use better data and technology to provide more fairly priced insurance cover to...
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