Koffie Labs is a digital insurer purpose-built for the trucking and transportation industry that integrates safety technology into underwriting, pricing and loss control. The company uses telematics and advanced safety technology plus AI-driven predictive models to underwrite dozens of safety features and reward safer fleets with discounted premiums. Truckers can receive quotes in minutes on Koffie’s streamlined, fully digital platform rather than waiting weeks. Koffie says its models allow it to build insurance for emerging risks such as self-driving vehicles while working to eliminate preventable truck crashes. The startup is addressing a class of insurance plagued by sustained losses and aims to align incentives with fleets, brokers and the broader trucking ecosystem to drive a more profitable future. Founded in 2018 and based in Brooklyn, New York, Koffie is backed by Lerer Hippeau, Anthemis Group and other venture investors and has announced recent venture financing.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2021