Koffie Insurance, an insurtech focused on providing financial services to the trucking and transportation sector, today announced the closing of an $11 million Series A, bringing the company's total funding to date to $15.5M. The round was led by Anthemis Group, which specializes in funding best-in-class, high-growth, digitally native financial services companies, joining existing investors Lerer Hippeau Ventures and Plug and Play Ventures. New investors include CP Overture, Breakout Capital, Two Lanterns Venture Partners, and a select group of strategic angel investors.

Koffie Insurance is a digital insurer purpose-built for the next generation of trucking and transportation. On a mission to eliminate preventable truck crashes, it is the first insurtech to integrate safety technology into underwriting, pricing and loss control. Using real time data and machine learning models, Koffie delivers instant and tailored policies to modern truckers that invest in safety, rewarding them with lower premiums than traditional insurers. Diving headfirst into a class of insurance plagued by sustained losses, inadequate underwriting and burdensome expenses, Koffie aims to align incentives with fleets, brokers and the trucking industry to build a more profitable future and prepare for the coming wave of autonomous transport. Founded in 2018 and located in Brooklyn, New York, Koffie holds deep expertise in trucking, insurance, data science and software development.