# Cachet Secures Fresh Capital to Scale Adaptive Gig Economy Insurance Estonian insurtech reaches profitability while expanding flexible coverage for European mobility platforms. - **Source:** [The Next Web](https://brifing.si/source/afe24b20-b275-4c19-b9a6-8bb3c8babae7) - **Published:** 2026-10-14 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/4003d04f-9c22-458c-a878-e07d5e5562cf ## Funding Round and Valuation Expansion Tallinn-based insurtech startup Cachet secured fresh funding led by Spintop Ventures, bringing its total raised capital to approximately €11 million. Existing investors Truffle Capital and Icebreaker.vc participated in the round. This capital injection marks Spintop Ventures' initial investment in Estonia since Cachet's €5.5 million round in 2022. ## Brokerage Model Shifts Underwriting Risk Cachet operates as a licensed insurance broker rather than a direct risk carrier. The startup integrates policies directly into gig and mobility platforms via application programming interfaces. While Cachet manages policy administration and claims handling, balance-sheet underwriting risk is entirely offloaded to established, large-scale commercial insurance carriers across Europe. ## Dynamic Usage Versus Annual Policies Traditional insurance frameworks rely on static, annual policy pricing tied to a single jurisdiction. In contrast, Cachet prices risk dynamically based on real-time vehicle and worker data. Platform risk fluctuates with every completed ride or delivery task, demanding modular coverage that matches actual asset utilization rather than fixed-time assumptions. ## Cross-Border Footprint and Client Roster The company currently holds regulatory insurance licenses across 16 European markets. It serves over 50 platform clients, including micro-mobility and ride-hailing operators such as Bolt, Voi, Ryde, and Turo. Cachet leverages native integrations to service shared vehicle fleets and individual gig workers across multiple jurisdictions under unified frameworks. ## Financial Performance and Profitability Milestone Cachet reported that it more than doubled its overall operational size over the past year. Crucially, the insurtech achieved full-year operating profitability on an EBITDA basis in 2025. This milestone distinguishes the company from peers pursuing unsustainable, capital-intensive expansion strategies that rely heavily on continuous venture subsidies without solid margins. ## Product Roadmap for Modern Labor The fresh capital will accelerate core product development and expand commercial sales teams. Cachet is preparing insurance solutions for emerging platform labor structures, including employer-of-record models where third parties legally employ distributed workers. The company aims to provide standardized protection across non-traditional, borderless labor arrangements throughout European markets. ## Autonomous Fleets and Telematics Tools Cachet plans to introduce coverage for autonomous vehicles entering European roads, citing autonomous car initiatives in Finland. Additionally, capital will support live fleet telematics software. Tested initially in Nordic markets, this tool analyzes real-time fleet data to actively mitigate risk and prevent accidents rather than merely paying post-incident claims. ## Infrastructure for Next-Gen Mobility Founded in 2018 by Hedi Mardisoo and Kalle Palling, Cachet is positioning its architecture as foundational infrastructure for autonomous mobility, distributed work, and artificial intelligence liabilities. The company's expansion reflects an industry shift toward preventative, data-driven insurance models that adapt dynamically to algorithmic workforce platforms and autonomous transit systems. ## Sources covering this story - https://thenextweb.com/news/cachet-funding-spintop-ventures — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._