Insurtech MGA Loadsure has closed a USD11 million Series A funding round, led by MMC Ventures and Crowley, a global maritime, energy, and logistics company and existing investor Insurtech Gateway.
Loadsure, which delivered the industry’s first transactional cargo insurance platform and automated claims process, will rapidly scale its organisation to accelerate the development of its proprietary smart technology, increase its reach, and better serve the global cargo and freight insurance market through a more efficient, effective distribution chain.
Loadsure, an international insuretech managing general agent, was the first to digitalise the full cargo insurance life cycle, bring one-click coverage to the US freight sector, and offer an international, per-shipment insurance API, setting the bar for cargo insurance innovation.
