Koala is a Paris-based B2B travel insurtech that builds modular, parametric travel insurance products embedded directly into travel partners' booking flows. Founded in 2018 by Leo Tordjman, Ugo Weyl, and Antony Mechin, the company offers automated, exclusion-free protections such as 'Cancel For Any Reason' coverage and automatic compensation for trip disruptions and missed connections. Koala's technology removes traditional bureaucracy by automating 100% of operations and requiring no proof for claims. Its products are used by more than 70 travel partners across 17 countries and are reinsured by Swiss Re. In August 2025, Koala was acquired by Dublin-based travel ancillary platform CarTrawler, marking CarTrawler's strategic entry into the insurtech vertical.
Koala has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2018
Employees
11–50
Total Funding
$6.4M
3 rounds
Total raised $6.4M across 3 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Seed+
Date
March 1, 2023
Amount
$2.1M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| March 1, 2023 | Seed+ | $2.1M | — | Insurtech Gateway |
| January 1, 2022 | Seed Extension | $1.8M | — | Insurtech Gateway |
| July 1, 2020 | Seed | $2.5M | — | Angel syndicate |
Ugo Weyl
Co-founder & CEO
Leo Tordjman
Co-founder & Head of Operations
Antony Mechin
Co-founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Battleface
Global travel insurance platform offering customizable, on-demand coverage and embedded API products for travel partners.
Cover Genius
Insurtech distribution platform XCover providing embedded insurance (including travel) for global digital partners.
Qover
Belgian embedded insurance orchestrator providing travel, mobility, and gig-economy insurance APIs for European partners.
Setoo (Pattern)
Parametric insurance provider for travel and e-commerce experiences; combined into Pattern Insurance with Yokahu.
Allianz Partners
Incumbent global travel insurance and assistance provider for travel agencies, airlines, and OTAs.
Squaremouth
Online travel insurance comparison marketplace for individual consumers.
Access live market data
Sign UpData collected with AI, which can make mistakes. Please double-check this information.