Achmea backs Laka

Achmea Innovation Fund, the corporate venture arm of Dutch insurer Achmea, has made an investment in bike insurance startup Laka.

Last October, Laka announced an $8 million funding round.

Based in the UK and founded in 2017, Laka’s main offering is insurance for bikes, e-bikes and e-cargo bikes. The startup sells directly to consumers and also works with retailers and brands to embed insurance at point of sale.

This investment is in line with Achmea’s ambitions in the field of smart and sustainable mobility and its interest in innovative mobility solutions.

“In a world where the demand for green and healthy transport options continues to rise but electric bicycles are also becoming increasingly expensive, Laka is at the forefront with innovative solutions. Their innovative ’embedded’ insurance model ensures that bicycles are insured directly from the manufacturer. But Laka does more; They also offer services to recover stolen bikes, and they help cyclists get back on the road quickly after theft or damage. Achmea invests in Laka because of the attractive possibilities of embedded insurance and the synergy with our business activities. Moreover, Laka’s model is directly in line with our cooperative values and our mission to optimally insure customers and provide them with the right services.” – Katharina Maas, Fund Manager Achmea Innovation Fund.

“We’re excited to welcome leading Dutch insurer Achmea to join Laka’s ride. Their investment is testament to the strength of our embedded proposition and will support Laka’s growth across Europe in Green mobility. We look forward to working with the Achmea Innovation Fund team and the broader organisation to create outstanding customer value. In addition, we welcome Henrieke Hoftijzer to join our board.” – Tobias Taupitz, CEO and co-founder Laka.