LONDON-(BUSINESS WIRE)-Loadsure today announced an investment of £1.1M led by Insurtech Gateway, alongside other corporate and angel investors.
With the backing of insurtech incubator and fund, Insurtech Gateway, and other investors, Loadsure will market the transportation industry’s easiest one-click insurance integration to loadboard, freight marketplace, and transportation management system platforms in the U.S. A remarkably simple solution, Loadsure helps transportation and logistics companies address the millions of uninsured or underinsured freight tons shipped in the U.S. each year.
Insurtech Gateway recognizes that Loadsure, a Lloyd’s coverholder who knows this space inside-and-out, is poised to lead the charge, and it’s delivering the funding and expertise necessary to help Loadsure accelerate the adoption of its one-click insurtech solution.
“Insurtech Gateway has given us the confidence and support network to achieve our goals as we take Loadsure to the next level,” said Loadsure founder and CEO, Johnny McCord.
“Informal marketplaces are vulnerable, lacking insurance protection for customers, and that was true of the spot freight market, until now,” said Insurtech Gateway co-founder, Robert Lumley.
Loadsure is an international Insurtech Managing General Agent, and its eyes are set on revitalizing the freight spot market with exciting new technology.
The only FCA authorised independent incubator + fund, the Insurtech Gateway is the fastest place to build and launch an insurtech idea.