Koffie Insurance is a Brooklyn, NY–based insurtech that provides fast, affordable insurance and financial services to the trucking and transportation sector, led by co-founder and CEO Ian White. The company uses technology to save money and time across underwriting, loss control, claims handling and fleet operations, and its product rewards and incentivizes safety. Koffie has already insured over 1,000 trucks. Currently available in Tennessee, New Jersey and Illinois, the company plans to scale to ten states by the end of the year. It closed an $11M Series A and will use the funds for expansion into new states, enhanced product offerings and strategic hires. The financing brings total funding raised to date to $15.5M. Koffie Labs builds a fully digital insurance platform for trucking and transportation that uses telematics, real‑time data and machine learning to underwrite fleets and reward safety investments with lower premiums. The company’s platform delivers quotes in minutes and embeds dozens of safety features into AI‑driven predictive underwriting models. Koffie integrates safety technology into pricing, loss control and underwriting to address an insurance class plagued by sustained losses and inadequate underwriting. It aims to align incentives across fleets, brokers and the trucking ecosystem and to prepare for emerging risks such as self‑driving vehicles. The company emphasizes improving margins for the safest fleets while reducing preventable truck crashes and driving digital transformation in transportation. Koffie is backed by venture investors and recently completed a seed financing to support its growth. Founded in 2018 and based in Brooklyn, New York, the team combines expertise in trucking, insurance, data science and software.

Total raised

$16M

Funding rounds

2

Latest round

Series A

Latest activity

Jul 2022