Porsche Ventures has backed the bicycle insurance provider as part of an extended funding round.
"The increasing digitization and variety of sustainable mobility offers leads to the need for an innovative and customer-centric offer in the field of digital insurance. With the investment in Laka, we are pleased to support a strong team that is addressing the global insurance market with a unique, highly adaptable and digital business model, which focuses above all on the customer experience."
— Patrick Huke, Head of Porsche Ventures, Europe & Israel
The Dublin-based startup secured backing from Molten Ventures, First Round Capital, LocalGlobe, Tribal VC, and Middlegame Ventures.
"We’ve been highly impressed with how the team have built out a global platform that makes carefully crafted, sustainably-sourced and beautiful gifts more accessible to people and companies across the globe. Jonathan, Ciara, Mark, and the team approach the business in the same way they do gifting — with immense thoughtfulness, attention to detail, and a focus on how to make a difference."
Adit Venture Capital and Fasanara Capital led the financing round to support UK expansion.
"BNPL for business is a completely different concept to B2C BNPL. Right now, there are very few B2B purchases happening online. We’ve created a platform that gives total control to businesses to dictate what payment terms they want to have, helping them pay over 6 to 12 months, whilst their suppliers are still paid within 24 hours. With this superpower, we help businesses that want to scale regardless of the market conditions."
Hiro Capital led the round with participation from Artesian and SOSV to fund technological development and team expansion.
"Our mission at Carv is to make ski coaching both more enjoyable and accessible through gamification. Hiro’s wealth of gaming experience and its positive application in sports makes them the perfect partner in helping us achieve this vision. We are deeply grateful for their financial backing, and the expert guidance they can provide as we move forwards together,"
EMV Capital led the Series A investment to support the rollout of underfloor insulation technology across domestic and international markets.
"We are pleased that following the strategy review and changes to the company launched by the Board in 2021, we are now seeing accelerated growth for the business in terms of sales, the on-boarding of a series of key partners and continued investor support. We recognise the challenges associated with rising energy bills and are fortunate to be part of worthwhile solutions to reducing energy demands and associated emissions and costs. We are looking forward to being able to offer our quality assured underfloor thermal insulation to even more homes in the coming year."
