Cachet raises €11M for gig and mobility insurance in Europe
Estonian insurtech Cachet has raised a new round led by Spintop Ventures, bringing its total funding to roughly €11 million. The company provides adaptive insurance for gig work, micromobility, and car-sharing platforms across 16 countries, including clients like Bolt, Voi, and Turo.
The funding arrives as embedded insurance gains traction, with platforms seeking scalable risk solutions. Cachet’s pitch—centralized claims handling and risk control—aligns with demand for streamlined coverage among high-turnover operators. While the round size is modest compared to recent AI and cybersecurity deals (StartupReader reported ElevenLabs’ potential $500M+ raise on 15 October and Hadrian’s $40M round on 13 October), it signals continued interest in niche insurtech plays.
The company’s client roster suggests potential alignment with regulatory trends for platform insurance. Its listing in StartupReader’s directory indicates an India-based presence, though operational details remain unclear. The company’s stage is unconfirmed.
Sources: thenextweb.com
“Cachet’s funding reflects growing investor confidence in embedded insurance for gig and mobility platforms.”
One of the funding rounds reported in the week of 12–18 October 2026. See every round that week.
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