The funding will accelerate Laka’s path to profitability and support continued expansion across nine European markets and the UK.
Laka is redefining insurance through a collective-driven model that replaces traditional premiums with monthly contributions from a community of riders. Customers only pay for the actual cost of claims, up to a capped amount, resulting in fairer pricing and stronger alignment between the insurer and the insured. The model eliminates long-term contracts, excess fees, and complex terms, and instead rewards low claims with lower monthly costs. Laka earns a success fee only when claims are paid, ensuring its interests are aligned with its customers. This customer-first approach has earned Laka seven consecutive wins as Best Cycle Insurance Provider.
The new Series B funding will help Laka move toward profitability and fuel further expansion. The company may seek a strategic extension round in 2025 and is preparing to close a major debt financing deal in the coming months to support an active acquisition pipeline.
Laka’s trajectory over the past two years has been marked by organic growth and strategic acquisitions. In 2023, it acquired French e-bike broker Cylantro to strengthen its foothold in one of Europe’s fastest-growing micromobility markets. In 2024, Laka secured the renewal rights to CoverCloud’s bike insurance portfolio, expanding its UK presence. Most recently, it acquired Luko’s e-scooter insurance portfolio from Allianz Direct, adding 19,000 customers and deepening its focus on micromobility.
As the global micromobility market continues to expand—projected by McKinsey to grow from $160 billion today to $340 billion by 2030—Europe is set to lead the charge, growing from $60 billion in 2022 to $140 billion by the end of the decade. Despite this rapid growth, insurance offerings in the sector remain fragmented, creating an opportunity for Laka to become the category-defining player. Its model of fair, flexible, and environmentally conscious insurance is designed to meet the needs of this evolving landscape.
Laka now operates a multi-vertical platform that supports both individual riders and commercial partners. Its product suite includes bike, e-bike, and e-cargo insurance, along with personal liability, health and recovery, and bespoke commercial solutions. Beyond insurance, the company also facilitates the recovery and replacement of stolen bikes and salvages damaged parts, reducing environmental waste. Its commercial partnerships with brands such as Decathlon, Brompton, Gazelle, Riese & Müller, Tenways, and Ribble further embed Laka in the green mobility ecosystem.
The Series B round was backed by a strong group of investors including Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, Republic, Porsche Ventures, and MS&AD Ventures, alongside notable angel investors. Their continued support reflects growing investor confidence in Laka’s unique model and its long-term market potential.
Tobias Taupitz, CEO and Co-Founder of Laka, called the funding a pivotal moment in the company’s journey. “This new financing will enable us to deepen the trust we’ve built with riders, retailers, and corporate partners across Europe, expand our role in green mobility insurance, and build toward profitability while pursuing further acquisitions in this fragmented market.”
Matthieu de Chanville, Founding Partner at Shift4Good, 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 by aligning interests and tackling fragmentation head on.”
Jack Toyama, President and Managing Director at MS&AD Ventures, added, “Laka has demonstrated an impressive ability to integrate acquisitions and build a collective-driven approach that benefits both riders and businesses. We’re proud to support the team as they scale across Europe and help drive the shift toward a cleaner, more connected transport ecosystem.”
With this latest funding, Laka reinforces its mission to lead the green mobility insurance space in Europe and advance toward long-term financial sustainability.
