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Laka specializes in collective insurance, primarily for bicycles, utilizing a model where customers' monthly contributions are directly based on the actual claims submitted by the community. This innovative framework replaces traditional fixed premiums with a flexible, transparent system that fosters shared responsibility among its members.
Founded in 2017 by Tobias Taupitz, Ben Allen, and Jens Hartwig, Laka emerged from the insight that the conventional insurance paradigm needed disruption. The founders aimed to create a more equitable and communal system, with Taupitz leading the company's mission to realign the interests of the insurer and the insured.
Laka's primary customers are cyclists and users of micromobility devices, for whom it provides comprehensive equipment coverage. The company envisions insurance as a collaborative collective, where members actively support each other. Laka seeks to become a foremost partner in the green mobility sector, championing a community-driven model of protection.
Laka has raised $57.8M across 8 funding rounds.
Laka has raised $57.8M in total across 8 funding rounds.
Laka has raised $57.8M in total across 8 funding rounds.
Laka's investors include HSBC Innovation Banking, Jack Toyama, Matthieu de Chanville, Autotech Ventures, Cota Capital, Creandum, LocalGlobe, Scale Asia Ventures, Vintage Investment Partners, Chris Murphy, 1818 Venture Capital, Achmea.
Laka is a London-based insurtech company founded in 2016 that provides collective-driven insurance for bikes, e-bikes, e-scooters, and green mobility, operating across the UK and nine EU countries.[1][4] It serves individual cyclists and commercial partners like Decathlon, Brompton, and Gazelle, solving pain points in traditional insurance—such as long contracts, fine print, rejected claims, and poor service—through a customer-aligned model where Laka earns only on settled claims, offers zero excess, monthly contracts, and transparent pricing based on collective claims history.[1][2][5] Beyond insurance, Laka offers bike recovery, replacement, parts salvaging/recycling, and B2B embedded solutions, driving strong year-on-year growth, high retention, rising revenue per customer, and seven wins as Best Cycle Insurance Provider.[1][2]
The company has raised $29.92M total, including a $10.4M Series B equity round in July 2025 and £6.5M venture debt from HSBC in November 2025 (bringing Series B to £14.1M), funding European expansion, M&A in fragmented markets, and profitability acceleration amid micromobility's projected growth from $60B in 2022 to $140B by 2030.[1][2][4]
Laka was founded in 2016 in London by CEO & Co-Founder Tobias Taupitz and team, challenging outdated insurance with a collective model where customers pay based on prior month's collective claims—fewer claims mean lower charges for all, aligning incentives and fostering community.[4][5] The idea emerged to fix cyclist frustrations like theft vulnerability and unfair premiums, starting as a bike insurer and evolving into a multi-vertical green mobility platform.[1][5] Early traction came from award-winning cycle coverage, global options, legal aid, and discounts, leading to rapid expansion across Europe via partnerships and acquisitions like French startup Cylantro.[1][2][4]
Pivotal moments include transforming over two years into operations in nine EU markets plus UK, deepening B2B ties with retailers/manufacturers, and recent funding to scale—positioning Laka as Europe's category-defining green mobility insurer.[1][2]
Laka rides the micromobility and green transport boom, capitalizing on e-bike/scooter adoption amid urbanization, sustainability mandates, and EU policies favoring low-emission mobility—market projected to hit $140B by 2030.[2] Timing is ideal in a fragmented insurance sector, where Laka consolidates via M&A/expansion, leveraging scale for trust and efficiency as theft/damage risks rise with 3.25M+ e-scooter sales in Europe (2020-2023).[2][4] Favorable forces include insurtech disruption (better UX/underwriting via data), B2B embedded insurance trends, and recycling mandates reducing waste.[1][3] Laka influences the ecosystem as a hub connecting retailers/manufacturers to users, promoting collective risk-sharing that could inspire broader insurtech models for climate-adaptive transport.[1][2]
Laka is poised to dominate European green mobility insurance through aggressive scaling, M&A in fragmentation, and profitability push, backed by recent £14.1M Series B and HSBC debt.[2] Next steps include deeper EU penetration, more commercial integrations, and platform expansions like advanced recovery/AI claims—fueled by micromobility growth and net-zero pressures.[1][2] Evolving trends like regulatory tailwinds for sustainable transport and data-driven personalization will amplify its edge, potentially extending to new verticals (e.g., e-cargo fleets). As the go-to for aligned, collective coverage, Laka exemplifies insurtech's shift from adversarial to ecosystem-enabling, solidifying its path from cycle specialist to continental leader.[1][2]
Laka has raised $57.8M across 8 funding rounds. Most recently, it raised $8.5M Debt in November 2025.
