Laka’s Further Venture Capital Investment

In UK Browne Jacobson, advised on the matter.

Browne Jacobson advised Laka with a team including Jon Snade (Picture – Corporate M&A).

Laka on an investment from Porsche Ventures (a venture capital division of Porsche AG), bringing its series A investment round to a total of $13.5m.

The series A round was led by US mobility investor Autotech Ventures with participation from sustainable mobility and energy fund Ponooc (a Dutch, sustainable mobility investor with close ties to the world’s largest bike seller, Pon) and ABN AMRO Ventures. Existing investors including Creandum, LocalGlobe, 1818 Ventures and Elkstone Partners followed on.

The capital injection will further support the insurance disruptor’s strategic expansions plans into Germany and into wider Europe and will also open up various networking opportunities. The business will also continue to push on with its long-term ambitions to broaden its product line to include, e-scooters, e-mopeds and electric vehicles (EVs).

Browne Jacobson’s London based corporate finance and tech partner Jon Snade (Picture) led on the deal, alongside senior associate, Harry Pearson and associate, Shania Sood.

Involved fees earner: Harry Pearson – Browne Jacobson; Jon Snade – Browne Jacobson; Shania Sood – Browne Jacobson;

Law Firms: Browne Jacobson;

Clients: Laka;

Author: Giulia Di Palma