Loadsure, a London, UK-based spot freight cargo insurance company, raised £1.1M in funding.
The round was led by Insurtech Gateway, alongside other corporate and angel investors.
The company intends to use the funds to continue to expand its business reach marketing the transportation industry’s one-click insurance integration to loadboard, freight marketplace, and transportation management system platforms in the U.S.
Led by founder and CEO Johnny McCord, Loadsure is an international Insurtech Managing General Agent (MGA), which provides an end-to-end, cloud-based insurance solution that leverages predictive analytics and a tech stack to provide the spot freight community with a full-service insurtech solution, integrated with digital transportation management platforms.
Loadsure is a coverholder at Lloyds.