Koffie Labs, a Brooklyn, N.Y.-based insurtech company focused on the trucking and transportation markets, raised $4.5m in two funding rounds.
The two rounds were led by Anthemis Group and Lerer Hippeau with participation from 2048 Ventures, Plug and Play Ventures and C2 Ventures.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2018, Koffie uses telematics and advanced safety technology to underwrite trucking companies, rewarding fleets that invest in safety with discounted insurance premiums. Using real time data and machine learning models, Koffie delivers instant and tailored policies to modern truckers that invest in safety, rewarding them with lower premiums than traditional insurers.