# Laka

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/laka

- Industry: Insurance
- Headquarters: London, UK
- Website: www.laka.co.uk
- Total disclosed funding: $42M
- Latest round: Series B (Jun 4, 2025)
- Investors on record: 17

## About

Laka Ltd, based in the UK, specializes in providing innovative bicycle insurance products tailored to the needs of cyclists, ensuring comprehensive coverage while promoting environmentally conscious transportation solutions. Founded in 2016 and headquartered in London, UK, Laka Ltd focuses on revolutionizing the insurance sector for cyclists through a collective model. The founders Ben Allen, Jens H, and Tobias Taupitz aimed to address the unique insurance needs of the cycling community. In June 2025, Laka Ltd raised GBP 7.7 million in series B funding co-led by new investor MS&AD Ventures and returning investor Shift4Good, with participation from other new investors Achmea Innovation Fund, Motive Partners, and Republic. Returning investors Ponooc, Autotech Ventures, Creandum, LocalGlobe, and 1818 Venture Capital also participated in the round. Laka Ltd. specializes in innovative bicycle insurance products aimed at cyclists. Their offerings include comprehensive theft, accidental damage, and personal liability coverage. Utilizing a unique collective model, monthly contributions are calculated based on the collective claims of all members, avoiding fixed premiums. Coverage extends worldwide for up to 120 consecutive days, encompassing various cycling events. The services cater to both casual cyclists and professional racers, providing robust insurance solutions tailored to their needs.In 2023, Laka Ltd reported a revenue of GBP 2,098,435.20, although it recorded an EBITDA loss of GBP 6,802,344.80. Their subscription-based revenue model allows customers to pay monthly contributions corresponding to community risk, enabling flexible coverage options and unique features such as no excess fees on claims. The company will use the June 2025 funding for further development of its green mobility insurance and expand its market reach.

## Funding rounds

- Series B, Jun 4, 2025, $10M — Achmea Investment Management, Creandum, Autotech Ventures, LocalGlobe, Motive Partners, Ponooc, 1818 Venture Capital, Republic, MS&AD Ventures, Shift4Good
- Series A, Oct 12, 2023, $8.7M — Creandum, Autotech Ventures, Elkstone Ventures, Ponooc, Porsche Ventures, ABN AMRO Ventures, 1818 Venture Capital, Shift4Good
- Series A, Jun 23, 2022, $1.5M — Porsche Ventures
- Series A, Dec 31, 2021, $15M — Creandum, Autotech Ventures, LocalGlobe, Elkstone Ventures, Ponooc, ABN AMRO Ventures, 1818 Venture Capital
- Seed, Jan 30, 2020, $4.3M — Creandum, LocalGlobe, Yes VC, 1818 Venture Capital
- Seed, Jun 7, 2018, $1.4M — 500 Global, Tune Protect Group Berhad, 1818 Venture Capital
- Angel, Oct 17, 2017, $0.3M — Eos Ventures

## Investors

- Eos Ventures (https://capitalatlas.ai/funds/eos-ventures) — Angel
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Tune Protect Group Berhad — Seed
- 1818 Venture Capital (https://capitalatlas.ai/funds/1818-venture-capital) — Seed, Series A, Series B
- Creandum (https://capitalatlas.ai/funds/creandum) — Seed, Series A, Series B
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A, Series B
- Yes VC (https://capitalatlas.ai/funds/yes-vc) — Seed
- Autotech Ventures (https://capitalatlas.ai/funds/autotech-ventures) — Series A, Series B
- Elkstone Ventures (https://capitalatlas.ai/funds/elkstone-ventures) — Series A
- Ponooc (https://capitalatlas.ai/funds/ponooc) — Series A, Series B
- ABN AMRO Ventures (https://capitalatlas.ai/funds/abn-amro-ventures) — Series A
- Porsche Ventures (https://capitalatlas.ai/funds/porsche-ventures) — Series A
- Shift4Good (https://capitalatlas.ai/funds/shift4good) — Series A, Series B
- Achmea Investment Management — Series B
- Motive Partners (https://capitalatlas.ai/funds/motive-partners) — Series B
- Republic — Series B
- MS&AD Ventures (https://capitalatlas.ai/funds/ms-ad-ventures) — Series B