London-based InsurTech firm Loxa has announced that it has successfully raised €1.9 million in a Seed funding round. This investment includes €147,000 from several angel investors. The company specializes in innovating product protection, aiming to enhance the way consumers safeguard their possessions.
This funding round saw participation from a mix of individual angel investors, which indicates a strong belief in Loxa's potential to disrupt the traditional product protection market. The backing from these investors is a positive sign for the company as it continues to develop its innovative solutions.
Loxa’s focus on product protection aligns with a growing trend in the InsurTech sector, where technology is being leveraged to improve customer experiences and streamline processes. With its new capital, Loxa looks poised to expand its offerings and enhance its market presence within the UK. The company's success could influence how other InsurTech firms approach product protection, possibly prompting new solutions to emerge in this space.
The fresh funding will likely enable Loxa to accelerate its growth plans and invest in technology improvements, which is essential in the competitive InsurTech landscape. As they move forward, both consumers and the industry will be watching to see how Loxa's innovations impact product protection.
Overall, this funding round marks a significant step for Loxa as it aims to carve out a distinct niche in the insurance industry while addressing evolving consumer needs.
Original Source: https://www.eu-startups.com/2025/05/british-insurtech-loxa-raises-e1-9-million-for-product-protection-in-the-uk/