Cachet secures Spintop-led funding for adaptive insurance
The round supports product development and a larger European sales operation.
Cachet announced new backing led by Spintop Ventures, with Truffle Capital and Icebreaker.vc participating. The October 14 announcement put cumulative capital raised at around €11 million; the new round’s individual size was not disclosed.
The Tallinn insurtech will develop additional insurance products and expand its sales team. Its plans include support for new platform-work models and emerging autonomous mobility.
Cachet embeds insurance into operators’ systems, adapting coverage to how vehicles and workers are used. Established insurers carry the risk while Cachet manages the brokerage and platform workflows.
Use of funds
Develop adaptive insurance products
Grow sales team and European presence