Loadsure is an insurtech Managing General Agent (MGA) that digitalized the full cargo insurance life cycle, offering one-click coverage for the U.S. freight industry and an international per-shipment insurance API. Its core product is a data-driven, embedded insurance platform and proprietary smart technology for the global cargo and freight insurance market. The company positions its platform to help freight industry businesses better understand risk and reduce loss by enabling insurance brokers to better serve their communities. With the new funding, Loadsure plans to accelerate development of its technology and continue evolving its human-centric risk-management capabilities. The company also intends to grow its entrepreneurial organization and make strategic hires to expand product and market reach. Loadsure has emphasized its domain expertise and industry contacts as foundations for a seamless and scalable product. Loadsure is a London, UK-based spot freight cargo insurance company and international insurtech Managing General Agent (MGA). It offers an end-to-end, cloud-based insurance solution that leverages predictive analytics and a technology stack to serve the spot freight community. The company provides a one-click insurance integration designed for loadboards, freight marketplaces, and transportation management system platforms. Loadsure is a coverholder at Lloyd's. The company is led by founder and CEO Johnny McCord. It plans to use recent funding to expand its business reach and market its integration to transportation platforms in the U.S.

Total raised

$12M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2022