Startup Funding Club raises £250,000 of SEIS and EIS funds for provider of on-demand insurance solutions Tapoly in collaboration with the London Co-Investment Fund.
Startup Funding Club (SFC) and the London Co-Investment Fund (LCIF) have invested £250K into Tapoly, a comprehensive on-demand insurance solution supporting the growth of the sharing economy. The company was first introduced to the SFC Angel Network in October, when its founder Janthana Kaenprakhamroy presented it at SFC’s monthly pitching and networking event. Tapoly was well received by the audience, which has ultimately led to SFC Angels backing it.
The SEIS and EIS funds come from Startup Funding Club and the London Co-Investment Fund, who matched the investments from the SFC Funds and Angel Network. This investment marks the second collaboration between SFC and LCIF and represents the latter’s 100th investment.
Joseph Zipfel, Investment Manager at SFC, commented: “There is currently a gap in the provision of insurance products tailored for the needs of the sharing economy and we believe that Tapoly have designed solutions that are highly innovative and value adding for the sector. We are pleased to back a very credible management team and to be co-investing with the London Co-investment Fund on their 100th investment!”