Loxa Secures €1.9 Million Seed Funding to Transform Product…

Team S · 2025-10-16T05:56:41.000Z

London-based InsurTech firm Loxa , formerly known as Bolt Cover , has raised €1.9 million in a Seed funding round, including €147,000 from the Angel Investment Network (AIN) . Founded in 2023 by Jamie Hamer , Tori Hutchinson , and Richard Smith , Loxa offers retailers a platform to provide repair-first insurance at checkout for items like furniture, eyewear, and power tools. The new capital will enable Loxa to complete its tech stack, expand integration capabilities with websites and EPOS systems, and enhance its direct-to-consumer upsell offerings, starting with a power tool protection scheme. The company's vision is to become the UK's leading provider in the B2B2C insurance retail market across all consumer product categories by 2026.

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Loxa Secures €1.9 Million Seed Funding to Transform Product… | Newnex