Koffie Insurance, a Brooklyn, NY-based insurtech focused on providing financial services to the trucking and transportation sector, closed an $11m Series A funding, bringing total funding raised to date to $15.5M.
The round was led by Anthemis Group, with participation from existing investors Lerer Hippeau Ventures and Plug and Play Ventures. New investors include CP Overture, Breakout Capital, Two Lanterns Venture Partners, and a select group of strategic angel investors.
The company intends to use the funds for expansion into new states, enhanced product offerings and strategic new hires.
Led by Co-founder/CEO Ian White, Koffie provides trucking and transportation companies with fast and affordable insurance coverage that rewards and incentivizes safety. Using technology to save money and time when it comes to underwriting, loss control, claims handling and fleet operations. Koffie has already insured over 1,000 trucks.
Currently available in Tennessee, New Jersey and Illinois, Koffie plans to scale to ten states by the end of the year.
FinSMEs
19/07/2022