Okay, so here’s the thing. There’s this company called Loxa. UK-based, playing in the insurtech field—whatever that means, right? Anyway, it’s all about making product protection a big deal. You know, like for those random things we often don’t think need protecting, like furniture or maybe your favorite pair of glasses. But they went and raised £125,000 through this Angel Investment Network deal. Not a bad chunk of change either. It’s part of a larger £1.69 million seed round thing. Money, money, money.
Loxa, or as they used to be known, Bolt Cover (such a cooler name, no?), is letting retailers offer product protection at checkout. You’re buying a new chainsaw? Get some coverage for it. Why not? They’re working with big insurance companies so it’s all smooth for retailers and manufacturers to plug this service into their checkout lines—be it online or in the store, doesn’t matter.
Now, they’ve got this grand vision about being the top dog in the UK’s B2B2C insurance space. Yeah, I know, say that three times fast. They’re planning on using this new cash to finish up their tech stuff and make things work seamlessly with websites and EPOS systems. Ever tried to figure out EPOS? It’s like a whole different language—trust me. Oh, and they’re also diving deep into a consumer product scheme focusing on power tools. That’s right—power tools. The aim is to give us a neat alternative to bog-standard home insurance by 2026. Fingers crossed.
The guy behind it all, Jamie Hamer, has this whole trust-and-repair-first attitude. Sounds noble, doesn’t it? He’s all jazzed about the journey and admits, with the right investors, anything’s possible. It’s almost like a fairy tale for the business world. Or maybe not. I mean, who really knows what happens behind those closed doors?
And then there’s Alex Caparros from the Angel Investment Network who’s totally on board. He’s hyped about Loxa filling this gap in the market with its futuristic take on product protection. Investors love foresight, I guess. They’re just connecting dots and making money moves. Loxa’s doors are still open for more partners—more the merrier, right?
Oh, and there’s a picture with the founder folks—Richard Smith, Tori Hutchinson, Jamie Hamer. Looking all proud or maybe a bit tired. Hard to tell with startup people.
Anyway, if you’re dreaming about angels—or more like angel investors—to bankroll whatever idea you’ve got cooking up, this Angel Investment Network seems like the place to be. They promise to link you with tomorrow’s potential giants. Sounds promising, doesn’t it?
