Estonian startup raises €11 million to expand insurance products for mobility and gig platforms

Tallinn-based insurtech Cachet has raised fresh funding led by Nordic venture capital firm Spintop Ventures, bringing its total capital raised to around €11 million. Existing investors Truffle Capital and Icebreaker.vc also participated in the round, which marks Cachet’s first external investment since becoming profitable. The company designs insurance solutions for Europe’s platform economy, embedding flexible coverage into the systems of mobility and gig-economy platforms such as Bolt, Voi, Ryde and Turo across 16 European markets. Cachet will use the new capital to expand its product offering, grow its sales team, develop insurance solutions for emerging models such as employer-of-record platforms and autonomous mobility, and...

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