Cachet Raises Series A Led by Spintop Ventures for Platform-Economy Insurance

Cachet Closes Series A Round

Cachet, a Tallinn-based InsurTech company, has raised a Series A round led by Spintop Ventures. The funding was announced on October 9, 2026. The round also included participation from Icebreaker.vc and Truffle Capital.

The funding amount was not disclosed.

What Cachet Does

Cachet designs insurance for Europe's platform economy. Its coverage spans shared mobility fleets and gig-economy workers.

The company operates as a licensed broker in 16 European markets. It embeds usage-based coverage directly into operators' platforms, with established insurers carrying the underlying risk. Partners include Bolt, Voi, Ryde, and Turo.

Cachet also runs a risk-control engine that turns live operating data into loss-prevention guidance for its partners.

Company Background

• Founded: 2018
• Founders: Hedi Mardisoo and Kalle Palling
• Headquarters: Tallinn, Estonia
• Sector: InsurTech
• Stage: Series A

Traction

Cachet grew more than twofold year on year and recorded its first full year of positive EBITDA in 2025. The combination of strong revenue growth and positive EBITDA marks a notable milestone for an InsurTech operating in the platform economy segment.

Funding Details

• Round type: Series A
• Lead investor: Spintop Ventures
• Additional investors: Icebreaker.vc, Truffle Capital
• Announced: October 9, 2026
• Amount: Not disclosed

Why This Matters for the Platform Economy

Europe's platform economy — spanning ride-hailing, micromobility, car-sharing, and gig work — has created a need for insurance products tailored to how these businesses actually operate. Traditional insurance models are often poorly suited to usage-based fleets and independent workers whose risk profiles differ from conventional policyholders.

Cachet's approach is to embed coverage directly into the platforms that operators already use. This distribution model reduces friction for end users and gives operators a way to offer insurance as part of their core service. By acting as a licensed broker while established insurers carry the underlying risk, Cachet occupies a capital-light position in the value chain.

The risk-control engine adds another layer: by analyzing live operating data, Cachet can provide loss-prevention guidance to partners, potentially improving underwriting outcomes over time.

Market Position

Operating across 16 European markets gives Cachet a broad footprint. Its partnerships with well-known mobility and marketplace platforms — Bolt, Voi, Ryde, and Turo — provide distribution reach that would be difficult to replicate through traditional insurance channels.

The company's growth trajectory and move to positive EBITDA suggest a maturing business model. The Series A round, led by Spintop Ventures with backing from Icebreaker.vc and Truffle Capital, positions Cachet to build on that momentum.

What to Watch

For those tracking InsurTech and the platform economy, Cachet's progress will hinge on deepening its platform partnerships, expanding its market coverage, and demonstrating that its risk-control engine can deliver measurable loss-prevention results. The Series A provides the capital to pursue those goals.