Participated · Series B · Jul 2025

Founded in 2017 by Ben Allen, Jens Arne Hartwig and Tobias Taupitz, Laka has built a pan-European platform that replaces fixed-premium models with a collective approach in which riders pay only the actual cost of claims each month, capped at a percentage of their equipment’s value. Its technology stack handles advanced claims processing, recovery and replacement services, and supports embedded insurance partnerships with brands such as Decathlon, Brompton and Gazelle. Starting as a niche cycling insurer, the company now targets the broader micromobility market, aligning with Europe’s push toward sustainable transport. Laka differentiates itself from traditional insurers like Aviva, Allianz and AXA, as well as specialists such as Bikmo and Sundays, through its transparency-driven pricing model. Future growth will be driven by European expansion and a disciplined M&A strategy; in the past two years it acquired Luko’s e-scooter insurance assets, CoverCloud’s bike insurance renewal rights and French broker Cylantro. The company aims to consolidate a fragmented sector that is projected to reach £140 billion in value by 2030. No revenue or user figures were disclosed in the article.

Participated · Series A · Nov 2024

Klim offers a software platform that gives farmers tools and data to restore soil health, boost biodiversity, capture carbon and reduce emissions while planning and executing regenerative practices. The platform tracks farmers' progress and enables them to prove outcomes to supply-chain partners, unlocking revenue payouts for sequestered carbon. Klim takes a commission on the sale of carbon “insets” and operates a marketplace where farmers can sell those ecosystem services to food companies. The company reports 3,500 farmers on the platform, covering 700,000 hectares—about 5% of German farmland—and counts Nestlé, Kaufland and Aryzta among clients. Founded in 2020 in Berlin, Klim says it will use the new funding to expand internationally outside Germany. This round also positions Klim among the largest agri-tech financings in Europe this year. Klim operates a digital platform and app that supports farmers in adopting regenerative methods by helping them set goals, choose techniques (e.g., cover crops) and document progress with photos, satellite data and site visits. Launched in an early pilot in May last year, the product lets farmers earn payouts for sequestered carbon and other environmental interventions while Klim takes a commission via an ecosystem‑services marketplace. The company also offers consumer-facing tools such as a Klim label and QR codes to surface regenerative practices and is exploring offering loans to farmers in partnership with agricultural banks. Klim says it is for‑profit and will monetize by taking a cut of sales of carbon insets and related ecosystem services. The platform has around 1,700 farmers signed up, and the startup plans to use new funding to accelerate product development and international expansion. Klim was founded in August 2020 and is focused on scaling uptake of regenerative farming methods to reduce agricultural emissions and improve soil health.

Participated · Equity · Jul 2024

IntelePeer provides enterprise-grade, vendor-neutral AI-powered communications automation that integrates with existing business software to automate voice, messaging, and digital channels. Its platform uses generative AI and domain-specific workflows to build AI Agents and intent maps that identify high-ROI automation use cases for customers. The company has automated more than 600 million customer interactions and reports lowering the cost of an interaction ten-fold; one customer automates over 60 million inbound interactions annually with >70% full self-serve, and a Fortune 100 customer is on track to save more than $100 million in labor costs. IntelePeer says its AI business grew more than 100% year-over-year and is forecasting further acceleration. The company emphasizes responsible AI guardrails and partners with Microsoft Azure OpenAI to support secure, compliant deployments. Funding will be used to expand its AI Agent portfolio and increase investment in product, development, sales, and marketing. IntelePeer’s core product is the Atmosphere® CPaaS, which enables companies to engage customers via voice, SMS and social messaging while providing AI-enabled automation, communications routing, and on-demand analytics. The company is executing a strategy to expand beyond SIP and voice into a full omni-channel communications solutions provider. Management plans to grow organically by increasing sales, marketing, product and development headcount, and inorganically through acquisitions of complementary technologies and go-to-market assets. IntelePeer has received industry recognition from Frost & Sullivan, Gartner and IDC, underscoring its positioning in enterprise communications. Financially, the company has recently completed new financings and a credit facility to accelerate growth and innovation of its enterprise-centric Atmosphere platform. IntelePeer is a San Mateo–based Communications Platform as a Service (CPaaS) provider whose Atmosphere® CPaaS platform delivers global voice and messaging, communication APIs, workflow automation, and AI-enabled analytics. The platform is designed for business users so departments can automate processes, improve customer and employee experience, and engage audiences with outbound notifications. IntelePeer recently closed a $55 million credit facility that it will use to accelerate development and innovation of Atmosphere, expand platform capabilities, and drive customer acquisition and global enterprise expansion. The company said operating resources from the facility will be dedicated to continuing its growth across platform capabilities and market expansion. IntelePeer has been recognized by Frost & Sullivan and included in Gartner’s Market Guide for CPaaS, positioning it within a rapidly growing CPaaS market. IntelePeer Cloud Communications LLC is a San Mateo, California–based provider of business communications, offering cloud-based unified communications, cloud contact center, and enterprise voice services. Led by CEO Frank Fawzi, the company delivers full-service cloud calling directly integrated with Cisco Spark and provides UC enablement for Internet carriers and hosting companies. In March 2018 IntelePeer received a $15 million venture loan facility; Horizon Technology Finance Corporation funded an initial $12 million of its commitment under the facility. Horizon, a NASDAQ-listed specialty finance company, provides secured loans to venture-backed technology and related companies. The company said it will use the proceeds for general working capital purposes. IntelePeer is backed by VantagePoint Venture Partners, Kennet Partners and NorthCap Partners. IntelePeer provides hosted, on-demand rich media communications services. The company is based in San Mateo, Calif. It secured $4M in equipment financing to support its rapid growth. The financing will be used to deploy additional network infrastructure. ATEL Ventures provided the equipment financing as a secured financing provider to emerging growth companies. CFO Andre Simone said the financing helps the company scale quickly to satisfy customer needs while growing appropriately.

Participated · Seed · Jan 2023

Alicia provides personalized, pay-per-use insurance for freelancers that is directly embedded into online platforms. The company is led by CEO Marijn Moerman and is based in Rotterdam, The Netherlands. Its solution is offered in the Netherlands, Belgium, France, Germany, Spain and the UK. Alicia raised €7M in Seed funding joined by Volta Ventures, Randstad Innovation Fund and Achmea Innovation Fund. The company intends to use the funds to expand into some European countries in 2023, grow its product portfolio and continue to develop its technology. The financing is intended to support its expansion and continued product and technology development.

Participated · Series B · Jul 2021

Founded in 2018 by Rob Jolly and Dannan O’Meachair, Onto is a London-based electric car subscription service. Its monthly subscription is all-inclusive of insurance, breakdown cover and free public charging at over 11,000 UK charging points. The service offers a wide range of electric cars, including models from Renault, Peugeot, Volkswagen, Audi and Tesla. Subscription prices start from £399 per month with no deposit and month-to-month flexibility to swap cars or end the subscription. With over 7,000 electric cars, Onto is the largest electric car fleet in the UK and is described as Europe’s leading electric car subscription service. The company plans to continue expanding its UK fleet with the latest electric car models. Onto offers an all-inclusive electric car subscription that lets motorists access EVs on a monthly basis. The subscription includes insurance, servicing and maintenance, 750 miles per month, and free public charging at more than 12,500 points via partners Shell Recharge, BP Pulse, InstaVolt and Tesla Supercharger. The company currently offers 18 models with subscriptions starting from £489 per month. In 2020 Onto launched Onto for Business; more than 100 companies now have over 600 vehicles via that subscription. Onto was founded in 2017 by Rob Jolly and Dannan O'Meachair and is based in London, UK. The company raised $60M in equity in a Series C to consolidate UK leadership and support expansion into Europe, beginning with Germany. Onto operates an all-inclusive electric vehicle subscription service in the U.K., offering home delivery, insurance, servicing and access to charging via partners such as BP Pulse, Tesla Supercharger, InstaVolt and Shell Recharge. The company currently rents out 12 EV models across partnerships with 10 car brands and runs a fleet of about 3,000 vehicles. Onto says it plans to double its fleet size every three to six months and will use new vehicles as collateral for financing. The business aims to expand within the U.K. and enter new markets, potentially including Sweden, per investor commentary. Pricing varies across the fleet (roughly £330–£1,299 per month depending on model) and Onto says it is very nearly profitable. The service is positioned as an alternative to ownership, bundling taxes, insurance and maintenance into a single subscription fee.