UK InsurTech Loxa has closed a £2.7 mn seed round completed across three tranches. The financing was backed mainly by angels and family offices, including the Lazaroo-Hood Group. Introductions came through Angel Investment Network, FundMyPitch, and the Entrepreneur’s Collective.
The new capital will support expansion across the EU, grow Loxa’s retail network to 150 live partners, and extend the platform to cover every insurable product category.
The raise builds on momentum already visible across the business. It also gives the company more room to scale its embedded protection model faster.
In May 2025, the London-based startup raised £1.69 mn in seed funding to grow its retail-focused product protection platform. At the time, the company still operated under the name Bolt Cover.
The business enables retailers to offer repair-first insurance at checkout for products such as furniture, eyewear, and power tools.
That earlier funding was earmarked for completing the company’s technology stack, expanding integrations with websites and EPOS systems, and improving direct-to-consumer upsell capabilities.
One of the first areas of focus was a power tool protection scheme. The broader ambition was already clear.
Loxa wants to become the leading B2B2C product protection provider in the UK by 2026. The company positions itself as an alternative to traditional home insurance by focusing on item-specific coverage for consumer goods. That pitch targets a narrower use case, though one with obvious retail appeal.
Founder and chief executive Jamie Hamer said the raise will help the company accelerate delivery of its retail protection ecosystem. He said Loxa was built on the idea that embedded product protection should be as universal as checkout itself, available to every retailer and every customer.
We made a deliberate choice to build this round with angels and operators who shared our mission and backed our vision from the start, and that alignment builds better businesses.
Jamie Hamer, Founder and chief executive of Loxa
He also said the company chose to build the round with angels and operators aligned with that mission. According to his view, that kind of investor fit builds stronger businesses.
“Closing this round means we can now deliver on that promise at scale, with the right people and resources to execute successfully,” Jamie Hamer said.
Since launching in 2023, Loxa has grown to more than 45 live retail partners across categories including furniture, eyewear, power tools, electronics, and catering appliances.
The partner list includes eCatering, Toolden, Hyundai Tools, Rowen Homes, Maker & Son, and JCB ProTools. Growth has moved across multiple verticals rather than staying concentrated in one segment.
The fundraise also expands what Loxa can offer retailers. Operating as a full-stack MGA, the company can now design and launch insurance schemes tailored to partner needs and product categories, rather than relying only on off-the-shelf options. That changes the commercial pitch in a meaningful way.
Loxa’s technology connects natively to more than 70% of UK ecommerce infrastructure through apps for Shopify, Magento, WooCommerce, PrestaShop, and BigCommerce, along with direct API integrations.
The company says retailers can go live in as little as 48 hours. Speed matters here, and so does simplicity.
Erjon Skora joined the business last year as co-founder and managing director. He brought more than 16 years of experience across MGAs, insurers, financial institutions, and online marketplaces. Most recently, he served as managing director and head of insurance and product for EMEA at Cover Genius.
Skora said the seed round marks a beginning rather than an endpoint. He said Loxa is moving toward a Series A with traction, a clear European roadmap, and a platform that onboards retailers in under 48 hours, integrates smoothly, handles policy volume at scale, and supports claims effectively. He added that the next 18 months will shape Loxa’s position in the market.
The company is also advised by board advisors Robin Leigh, Richard Smith, Kayar Raghavan, and Ross Lazaroo-Hood. According to Beinsure analysts, embedded protection platforms gain traction when distribution, integration speed, and claims experience all line up. Loxa is clearly betting on that mix.
