Koffie Insurance raises $11 million
Trucking insurance provider Koffie closed an $11 million Series A financing round led by Anthemis Group , with participation from Lerer Hippeau Ventures, Plug and Play Ventures, CP Overture, Breakout Capital, Two Lanterns Venture Partners, and a group of strategic angel investors.
Currently available in Tennessee, New Jersey and Illinois, the New York-based MGA has a partnership with Sutton National and Boost to “modernize fleet underwriting.” It has insured over 1,000 trucks to date.
“We’re excited to show how InsurTech 2.0 can make a demonstrable impact on the industry. At Koffie, we are proud to integrate safety into the bottom line of trucking companies, accurately tailoring products to fit the needs of individual fleets. We’re excited to collaborate with our customers to continue to deliver best-in-class solutions.” – Koffie co-founder and CEO Ian White.
“We bet on Koffie to re-envision the financial future of the trucking industry. The team has decades of experience serving the sector, uniquely positioning them to offer a broad array of solutions. The trucking industry has been vastly underserved in financial services for decades and Koffie is in a perfect position to meet truckers’ needs.” – Amy Nauiokas, founder and co-CIO of Anthemis Group.
