Laka raises $8 million

London-based bicycle insurance provider Laka has raised $8 million in a round led by French mobility fund Shift4Good, with participation from Autotech Ventures, Porsche Ventures, Creandum, Ponooc, and Elkstone Partners. The round is a mix of debt and equity.

Laka is also announcing that it acquired Cylantro, a French e-bike insurance broker.

Founded in 2016, Laka provides coverage for bikes, as well as medical bills associated with bike injuries. The startup operates in the UK, Netherlands, Belgium, France and Germany.