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Insurtech Startup Cake Secures $1.3M in Pre-seed Funding

Feb 14, 2024almost 2 years ago

Amount Raised

$1.3 Million

Round Type

seed

Los Angeles

Investors

Iianc101 Weston LabsIridium Bloom Llc2nd FMarkd

Description

Cake, a transactional marketplace designed for independent insurance agents, has announced the completion of a $1.3M pre-seed funding round led by venture capital company Markd, aiming to reshape Insurance M&A, democratize it, and widen its reach to agents across various levels.

Company Information

Company

Cake

Location

Los Angeles, California, United States

About

Cake is sexual wellness brand on a mission to help the world have more fun sex. The brand’s line of specialty lubricants, toys and sexual hygiene products are made of the highest quality ingredient and designed for specific types of sexual enjoyment, all at an affordable price point. All products are inspired by real individuals and couples and tested across the spectrum of sexual preferences before launch. Sexual satisfaction guaranteed, or your money back.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers