Trucking Insurer Koffie Labs Raises $4.5 Million

25 Feb, 2021

Trucking Insurer Koffie Labs Raises $4.5 Million
Photo by Samson on Unsplash

– Koffie Labs (Koffie), an insurtech focused on reinventing the trucking and transportation markets, today announced it has raised $4.5m in venture financing.
Anthemis Group and Lerer Hippeau led two rounds of seed round financing with participation from 2048 Ventures, Plug and Play Ventures and C2 Ventures.
– Trucking insurance is an essential component of the broader $800b trucking industry and the backbone of the US economy. With commercial auto rates consistently increasing over the last decade, there are few viable options for fleets.
– Koffie uses telematics and advanced safety technology to underwrite trucking companies, rewarding fleets that invest in safety with discounted insurance premiums.

Autonomous Vehicles FinTech Freight Service Insurance InsurTech Logistics North America Transportation
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