5 years ago

Loadsure Raises €1.2 Million to Expand Freight Cargo Insurance in the US

  • Loadsure, a London-based insurtech startup, has secured €1.2 million in funding led by Insurtech Gateway, alongside other corporate and angel investors

  • Loadsure's fully digital, cloud-based insurance solution aims to revolutionize the freight spot market by providing brokers, shippers, and carriers with a full-service insurtech solution that cuts per-load insurance costs by 5x and accelerates claims settlements

  • The investment will be used to expand Loadsure's operations in the US and further develop its technology.

      • ProblemFinancial Services

      "The spot freight industry is a huge market with a complex value chain where a significant volume is not insured or is underinsured."

      Solution

      "Loadsure is a fully digital end-to-end, cloud-based insurance solution that leverages predictive analytics and cutting-edge tech stack to provide the spot freight community with a full-service insurtech solution, integrated with leading digital transportation management platforms. This allows brokers, shippers, and carriers to cut per-load insurance costs by 5x and accelerate claims settlements from days to hours."

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