Koffie Insurance raises $11 million to drive expansion and growth

ByMargie D. Moore

Jul 23, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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Koffie Insurance coverage, an insurtech that focuses on offering economic expert services to the trucking and transportation sector, has declared the closing of an $11 million Series A, which now delivers the company’s complete funding to day to $15.5 million.

The spherical was led by Anthemis Team which specializes in funding ideal-in-course, superior-advancement, digitally native economical providers businesses. They joined present traders, Lerer Hippeau Ventures and Plug and Enjoy Ventures.

New buyers for this spherical provided CP Overture, Breakout Capital, Two Lanterns Venture Associates, and a decide on group of strategic angel traders.

Additionally, Koffie gives trucking and transportation organizations with speedy and affordable insurance policy coverage that rewards and incentivizes protection. By using reducing-edge technological know-how to help you save the two funds and time when it comes to underwriting, loss manage, claims dealing with and fleet functions, Koffie has presently managed to insure in excess of 1,000 vehicles.

Koffie’s services are presently obtainable in Tennessee, New Jersey and Illinois. The organization programs to scale to 10 states by the finish of the calendar year.

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The newest round of funding will also empower improved products offerings and strategic new hires.

Koffie Co-founder/CEO, Ian White, claimed: “We’re thrilled to display how InsurTech 2. can make a demonstrable impression on the industry. At Koffie, we are happy to combine security into the base line of trucking companies, precisely tailoring products and solutions to in good shape the desires of unique fleets. We’re fired up to collaborate with our consumers to go on to provide finest-in-class remedies.”

Amy Nauiokas, Founder and Co-CIO of Anthemis Team, added: “We guess on Koffie to re-envision the financial long run of the trucking industry. The crew has many years of encounter serving the sector, uniquely positioning them to provide a broad array of options. The trucking industry has been vastly underserved in economical solutions for a long time and Koffie is in a fantastic place to fulfill truckers’ wants.”

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