Browne Jacobson advises London based insurance disrupter Laka on further venture capital investment
Browne Jacobson’s corporate tech lawyers have advised specialist bicycle insurer Laka on an investment from Porsche Ventures (a venture capital division of Porsche AG), bringing its series A investment round to a total of $13.5m.
Browne Jacobson’s corporate tech lawyers have advised specialist bicycle insurer Laka on an investment from Porsche Ventures (a venture capital division of Porsche AG), bringing its series A investment round to a total of $13.5m.
The series A round was led by US mobility investor Autotech Ventures with participation from sustainable mobility and energy fund Ponooc (a Dutch, sustainable mobility investor with close ties to the world’s largest bike seller, Pon) and ABN AMRO Ventures. Existing investors including Creandum, LocalGlobe, 1818 Ventures and Elkstone Partners followed on.
The capital injection will further support the insurance disruptor’s strategic expansions plans into Germany and into wider Europe and will also open up various networking opportunities. The business will also continue to push on with its long-term ambitions to broaden its product line to include, e-scooters, e-mopeds and electric vehicles (EVs).
Tobias Taupitz, CEO and co-founder of Laka commented “2021 truly depicted an inflection point for Laka as we moved from a pure direct-to-consumer play towards retail and commercial partnerships.
“e-mobility is redefining transport globally, and Laka has set out to build the backbone to support the e-mobility segment at a time when “Net Zero Emissions” has rightly become front of mind for consumers, businesses and government policy. To support this shift towards a greener future, we have a bold vision to become the world’s largest e-mobility insurance partner.”
Browne Jacobson’s London based corporate finance and tech partner Jon Snade led on the deal, alongside senior associate, Harry Pearson and associate, Shania Sood.
Related expertise
You may be interested in...
Opinion
Law Commission initial consultation published on reforming Part 2 of the Landlord and Tenant Act 1954
Legal Update
A new digital era: Coimisiún na Meán publishes Online Safety Code
Press Release
Browne Jacobson advises retail giant The Range on its acquisition of Homebase
Press Release
Browne Jacobson advises leading technology-driven compliance specialist on its continued market consolidation with two further acquisitions
Press Release
Browne Jacobson advises The Jordon Group on transformative merger
Press Release
Browne Jacobson advises Clean Power Hydrogen on global IP licence agreement
Legal Update
Reform of Gambling Regulation in Ireland
Legal Update
Ascensus newsletter: November 2024
Press Release
Browne Jacobson advises UK’s leading fire protection specialist on key acquisition
Press Release
Browne Jacobson advises IT solutions specialist on sale to Goldman Sachs-backed international digital transformation provider
Press Release
Browne Jacobson advises investor on the buyout of a national law firm
Legal Update
Breaking the glass ceiling: Empowering female leadership in the food and drink sector
Press Release
Browne Jacobson advises the world’s largest baby and toddler swim school on international acquisition
Legal Update
CJEU confirms that copyright law is the same for all claimants
Legal Update
EasyGroup proceedings defeated by jurisdictional challenge
Press Release
Browne Jacobson advises coffee roaster 200 Degrees on acquisition by the Caffè Nero Group
Press Release - Firm news
Browne Jacobson’s private sector lawyers' reaction to the Autumn Budget 2024
Press Release
Browne Jacobson continues expansion in Ireland adding real estate and construction practices
Press Release
Browne Jacobson advises fire suppression manufacturer DAS Fire on its acquisition by Alpine Fire
Press Release
Browne Jacobson advises UK climbing operator on sale to Belgian investment firm
Legal Update
Organisational approaches to ESG and sustainability matters
Legal Update
Navigating the waters of compliance: Understanding the Trade, Aircraft, and Shipping Sanctions (Civil Enforcement) Regulations 2024
Legal Update
Is Companies House turning the tide against facilitators of fraud?
Press Release
Browne Jacobson advises global digital transformation services provider on PE investment and acquisition of US and Hungary-based commerce consultancy
Legal Update
The future of food waste management in the UK: A guide for businesses
Legal Update
Navigating new advertising restrictions on junk food
Legal Update
Barking up the right tree: UK is European first to allow cultured ‘meat’ for pets
Legal Update
Impending reform of defamation law in Ireland: The Defamation (Amendment) Bill 2024
Legal Update
Labour's recipe for reform: The future of food and drink regulation in the UK
Press Release
Leading the conversation on DEI in the food & drink industry: celebrating the contribution of women
Legal Update - Procurement Act
The Procurement Act 2023: What’s changing and getting prepared
Press Release
Browne Jacobson to provide legal advice to North West public bodies after contract award
Legal Update - Procurement Act
Contract management and performance
Legal Update
ASA bans “misleading” Huel and ZOE ads endorsed by Dragon’s Den Star
Press Release
Browne Jacobson advises Howard Farms on phased sale of Mulberry Logistics Park site
Press Release
Browne Jacobson advises obconnect on £10.5m majority investment from PayPoint
Guide
EU Artificial Intelligence (AI) Act: Guide for your business
Press Release
Browne Jacobson advises IT and cybersecurity provider on strategic expansion into Ireland
Legal Update
Digital Services Act: What has enforcement been like for the DSA so far?
