London -based OPAn insuretch firm, focusing on product protection innovation, successfully collected € 1.9 million in the round of a seed fund, causing the € 147k directly from the Angel Investment Network (AIN).
According to the founder Jamie Hummer: “Luxa Repair-First insurance is on the removal of confidence in insurance and the mission of unlocking significant values for UK retailers in the market security market. This fund identifies an important step in our journey. The process can be fulfilled but to partner with the right investors, as we get through AIN, create all the differences. We are eager to make these funds to make Luxa, to perform our ambitious plans and get this business motoring toward profitabilityThe “
Established in 2023, Luxa (formerly known as Bolt Cover) gives retailers of any size to provide product protection cover in checkout for repaired items such as furniture, glasses and power equipment. The LOXA system can be integrated with both online and in-stor retailers. Clients can plug in their platform API or use plugins made by their tailor for shopfifes, woomcars, prostasops and magento.
Co-founder and chief executive officer Jamie Hammer brings a proven track record in scaling venchers-withdrawn and exit reactions after it is driven as $ 11.7 million-and experiences with chief corporations like Proctor and Gumbl and Gartner. Co-founder and COO Tore Hutchinson draws from the senior role of global organizations like Sirku Du Solil and Monika Nidar. Richard Smith, CTO and members of the board, provided high-performing digital solutions for top brands like L’Oreal and Education Department.
By partnering with established insurance companies, Luxa Embed Insurance provides the insurance solution that retailers and manufacturers can integrate both online and store customer sales journey.
The firm’s outlook is to become the top supplier of the UK ”Underversed“B2b insurance insurance retail market in all consumer product categories.
Raised funds will enable Laxa to complete its technology stack, extend its skeletal technology to integrate with websites and EPOS systems and start with the power tool scheme to enable its D2C upsel offers.
The goal is to provide a customer product-specific alternative for the Traditional Home Insurance by 2026.
Accordingly Alex Caparos From the Angel Investment Network: “Luxa is addressing a significant gap in the market with its innovative method to protect the product. We are delighted to connect them with our strategic investors, who recognize the power of Luxa’s view. Their promise to empower retail seller and to provide enhanced value to customers represents a mandatory proposal, a journey that barely beginsThe “
Currently, Luxa simply insists the items sold by UK -based customers.
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