Cachet, founded in 2018 in Tallinn, Estonia by Hedi Mardisoo and Kalle Palling, is a platform worker-focused insurance services marketplace. The company provides motor insurance for ride-hailing drivers and consumers, and delivery rider insurance covering personal injury, property damage, accidents and medical expenses. New plans will add third-party liability as well as personal health and accident coverage for gig workers. Cachet also offers a data-led fleet insurance model in the Baltics and the CEE region to improve risk management for commercial car and micro-mobility fleets and reduce insurance costs for workers and fleet managers. It serves more than 12 insurance underwriters, including carriers such as Allianz, PZU and VIG Group, and holds an insurance distribution license across most EU countries. Cachet currently operates in Estonia, Latvia and Poland and serves customers in the UK, Lithuania and Finland; platform partners include Bolt, Uber, Upsteam, Citybee and Cleanify. The company intends to use new funds to grow the team, improve its technology and data models, and expand within Europe. Cachet is a Tallinn‑based insurtech that offers financial services and insurance pricing tailored to gig workers on ride‑hailing platforms. The company acts as a trustee data layer between ride‑hailing platforms and insurance providers to enable more accurate pricing. In Estonia and Latvia roughly 25% of drivers on Uber, Bolt and Yandex Taxi use Cachet to find affordable insurance, sometimes at about half the price of traditional providers. Cachet raised €1.1 million in seed funding to expand into other sharing‑economy sectors and new markets. The startup plans to target urban mobility and vacation rental marketplaces next, and to enter the Nordics, Poland and the UK. Cachet was founded in 2018 by CEO Hedi Mardisoo and COO Kalle Palling and positions itself within the high‑growth embedded finance vertical.

Total raised

$7M

Funding rounds

2

Latest round

Equity

Latest activity

May 2022