Cachet raises new funding to insure Europe’s gig and mobility platforms
Tallinn startup Cachet, which sells insurance to ride-hailing, scooter, and gig-work apps, has closed a funding round led by Spintop Ventures. The deal raises its total capital to about €11 million.
Moreover, Truffle Capital and Icebreaker.vc, both earlier backers, joined the round.
Cachet acts as a licensed broker rather than an insurer. Its policies are shaped by real use of each car, scooter, or worker, and they plug straight into the apps. Cachet runs the policies and claims, and large insurers take on the risk.
Standard cover, by contrast, is set once a year and in one country at a time. On an app, the risk shifts with every ride.
Cachet holds licences in 16 European markets and has more than 50 platform clients, among them Bolt, Voi, Ryde, and Turo. Bolt, also from Tallinn, has raised €220M as it prepares for a stock market listing.
The company said...
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