Laka Ltd
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Laka Ltd - overview
Established
2017
Location
London, England, UK
Primary Industry
Insurance
About
Laka Ltd, based in the UK, specializes in providing innovative bicycle insurance products tailored to the needs of cyclists, ensuring comprehensive coverage while promoting environmentally conscious transportation solutions. Founded in 2016 and headquartered in London, UK, Laka Ltd focuses on revolutionizing the insurance sector for cyclists through a collective model. The founders Ben Allen, Jens H, and Tobias Taupitz aimed to address the unique insurance needs of the cycling community. In June 2025, Laka Ltd raised GBP 7.
7 million in series B funding co-led by new investor MS&AD Ventures and returning investor Shift4Good, with participation from other new investors Achmea Innovation Fund, Motive Partners, and Republic. Returning investors Ponooc, Autotech Ventures, Creandum, LocalGlobe, and 1818 Venture Capital also participated in the round. Laka Ltd. specializes in innovative bicycle insurance products aimed at cyclists.
Their offerings include comprehensive theft, accidental damage, and personal liability coverage. Utilizing a unique collective model, monthly contributions are calculated based on the collective claims of all members, avoiding fixed premiums. Coverage extends worldwide for up to 120 consecutive days, encompassing various cycling events. The services cater to both casual cyclists and professional racers, providing robust insurance solutions tailored to their needs.
In 2023, Laka Ltd reported a revenue of GBP 2,098,435. 20, although it recorded an EBITDA loss of GBP 6,802,344. 80. Their subscription-based revenue model allows customers to pay monthly contributions corresponding to community risk, enabling flexible coverage options and unique features such as no excess fees on claims.
The company will use the June 2025 funding for further development of its green mobility insurance and expand its market reach.
Current Investors
500 Global, Tune Protect Group Berhad, 1818 Venture Capital
Primary Industry
Insurance
Sub Industries
Claims Administration & Processing
Website
www.laka.co.uk
Verticals
InsureTech
Company Stage
Series B
Total Amount Raised
Subscriber access only
Laka Ltd - timeline of key events
Laka Ltd - financials
| Fiscal Year Ended | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|
| Revenue (USD) | - | - |
| % Revenue Growth (YoY) | - | - |
| EBITDA (USD) | - | - |
| Operating Income (USD) | - | - |
| Operating Margin | - | - |
| % EBITDA Margin | - | - |
| NET Income (USD) | - | - |
| % Net Margin | - | - |
Laka Ltd - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.