The insurtech sector continues to gain traction as two emerging startups—Laka and Yasmina—announced successful funding rounds totaling $12.4 million, signaling growing investor confidence in tech-driven insurance solutions.
Laka: Pedaling Forward with $10.4 Million
UK-based Laka, known for its innovative e-bike insurance model, secured $10.4 million in new funding to expand its operations across Europe. Unlike traditional insurers, Laka operates on a community-driven, subscription-free model where riders only pay for the actual cost of claims each month.
Laka’s platform appeals to a new generation of urban commuters, cycling enthusiasts, and delivery riders who rely heavily on e-bikes for transport. The funding will help Laka:
- Scale operations in Germany, France, and the Netherlands
- Expand partnerships with bike retailers and mobility platforms
- Improve its claims technology and real-time risk assessment tools
As e-bike usage surges globally, Laka is positioning itself as the go-to digital insurer for this rapidly growing market segment.
Yasmina: Simplifying Insurance for MENA
Meanwhile, Yasmina, a rising insurtech player focused on the Middle East and North Africa (MENA) region, raised $2 million in seed funding. The startup aims to simplify health and life insurance through a mobile-first platform that offers transparent pricing, quick sign-ups, and instant claims processing.
Yasmina’s approach is particularly impactful in regions where insurance penetration is low and traditional services are riddled with complex paperwork and delays. With the new funds, Yasmina plans to:
- Expand into more MENA markets, starting with Saudi Arabia and Egypt
- Build strategic partnerships with local healthcare providers and fintech firms
- Enhance its AI-powered policy recommendation engine
Yasmina’s mission is to bring affordable, accessible insurance to underinsured populations—empowering users to take control of their health and financial security.
The Bigger Picture: Insurtech’s Evolution
The combined success of Laka and Yasmina reflects a larger trend in the insurance world: a shift from legacy systems to customer-first, tech-driven experiences. Whether it’s mobility insurance in Europe or healthcare protection in MENA, insurtechs are redefining coverage for modern lifestyles.
Investors are increasingly backing startups that deliver:
- Personalized policies
- Frictionless claims
- Transparent pricing
- Seamless digital onboarding
With global insurtech investments rebounding post-2023, Laka and Yasmina’s funding rounds signal that innovation and disruption are alive and well in the insurance space.
