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# Cachet raises 4.5 mln round
- URL: https://fomo.observer/cachet-raises-new-round/
- Published: 2026-10-14T06:45:00.000Z
- Updated: 2026-10-14T17:28:28.000Z
- Author: Fomo.Observer
- Tags: Investing

TALLINN - The insurtech for the platform economy, whose customers include Bolt, Ryde and Turo, will use the funding to further expand its product offering and grow its sales team in Europe.

[Cachet](https://cachet.me/en?ref=fomo.observer)saidit has now raised a total of around €11 million following the 4.5 million round, which was led by Nordic venture capital firm Spintop Ventures, with existing investors Truffle Capital and [Icebreaker.vc](http://icebreaker.vc/?ref=fomo.observer) also taking part. 

> "There is a lot of noise right now from insurance start-ups burning capital to buy growth at high valuations. Cachet has taken the opposite route: build the infrastructure, reach profitability, then raise to go further and faster," said Erik Wenngren, Partner at Spintop Ventures.

Shared mobility and gig platforms have grown faster than the insurance built to cover them, it said. 

Traditional policies are priced once a year and arranged country by country, while a platform's risk changes with each trip. Cachet designs coverage around how people work or which vehicles they actually use, builds it into operators' systems, and runs policies and claims, while established insurers carry the risk.

> "We are building the adaptive insurance infrastructure for what comes next, from shared and autonomous vehicles to distributed work and AI liability," said co-founder and CEO Hedi Mardisoo. "We've built a strong foothold, supporting over 50 platform economy partners to control their risk and reduce their losses. 

Cachet said it has grown more than twofold year on year, and 2025 was its first full year of positive EBITDA. Growth has come from several segments across the 16 European markets where it is licensed. Since launch, Cachet has insured nearly 2 billion minutes of mobility, and its platform now covers more than 310,000 assets.

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