Bike Insurance Platform Laka Raises $10.4 Million Series B to Accelerate Path to Profitability

Led by Tobias Taupitz(CEO and Co-Founder), Ben Allen(CTO and Co-Founder), and Jens Hartwig(CPO), Laka raises $10.4 million in Series B funding co-led by Shift4Good and MS&AD Ventures, and backed by investors including Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, and Republic (formerly Seedrs), cementing its role as the category-defining insurer for e-bikes, e-scooters, and sustainable transport across nine EU markets and the UK.

Laka offers collective-driven bike insurance that replaces rigid contracts and hidden fees with a flexible, customer-aligned model. Monthly claims are shared across a community of cyclists, capping costs and ensuring members only pay for what’s needed. With zero excess, monthly terms, and a success fee tied to claim approval, Laka puts customers first, earning seven consecutive Best Cycle Insurance Provider awards.

Laka has transformed from a cycle insurer into a leading green mobility platform across nine EU and UK markets, driven by organic growth and key acquisitions like Luko’s e-scooter portfolio, CoverCloud’s bike insurance renewal rights, and French broker Cylantro. With strong customer retention and rising ARPU, Laka’s B2B2C model has cemented partnerships with major brands like Decathlon and Brompton.

Positioned in a fragmented market projected to hit $340B by 2030, Laka’s collective-driven insurance model aligns incentives and promotes sustainability. Beyond insurance, it now offers recovery, replacement, recycling, and commercial services, solidifying its role in Europe’s micromobility ecosystem.