Loxa

UK-based InsurTech company Loxa has successfully closed a £2.7 million seed funding round across three tranches. Backed by angels and family offices, including the Lazaroo-Hood Group, this investment will fuel significant European expansion, scale Loxa's retail network to 150 live partners, and broaden its platform to support a wider array of insurable product categories.

Summary of transaction details:

• Value: £2.7 million
• Sector: InsurTech / Embedded Insurance
• Advisor: Not specified
• Key Entities: Loxa (Target); Lazaroo-Hood Group (Lead Investor); Angel Investment Network, FundMyPitch, Entrepreneur’s Collective (Facilitators)
• Location: UK (HQ) / Europe (Expansion)

Note: This strategic funding will enable Loxa to transition into a full-stack Managing General Agent (MGA) and build bespoke insurance schemes. It underscores the growing market demand for seamless embedded product protection, allowing Loxa to integrate its innovative insurance solutions directly into major e-commerce platform checkouts across Europe.