Kota raises $14.5m to expand embedded insurance benefits platform

May 22, 2025

Kota, an Irish InsurTech firm transforming how businesses deliver employee benefits, has secured $14.5m in Series A funding.

The round was led by Eurazeo and joined by existing investors EQT Ventures, Northzone, and Frontline Ventures, along with new backers 9Yards and Plug and Play. This brings Kota’s total funding to $22.9m.

Founded in 2023, Kota offers an insurance benefits platform and API designed to modernise the delivery of pensions, health coverage and other benefits. The platform aims to replace outdated systems with an intuitive, digital-first experience. It integrates directly with insurers and pension providers, allowing employees to easily understand and access their benefits while giving HR and finance teams a unified management tool.

With the fresh capital, Kota plans to grow its team, expand partnerships with insurance carriers, and accelerate its customer acquisition strategy. The firm has also received authorisation from the Central Bank of Ireland, making it one of the few regulated tech platforms in this space across Europe.

Since launch, Kota has helped hundreds of SMEs and tens of thousands of employees across Europe better manage and engage with their insurance and retirement plans. It partners with leading insurers including Vitality, ONVZ, Sanitas and Allianz Global Care, and counts Remote.com, Zoe Health, Carwow and Protex AI among its clients.

Last year, Kota introduced “Kota Embed”, enabling HR platforms to offer embedded insurance benefits directly within their systems. Clients include Remote, Helios and Irish Life Health.

Kota CEO and founder Luke Mackey said, “Employee benefits, which can make up 25% of total compensation, are systematically undervalued and expensive. I experienced this as a founder and a GM –– managing benefits in email, between brokers and insurance companies, completely disconnected and alien from anything else in the business. It’s entirely out of date. Ultimately, no one on the team connected or engaged with them, no matter how much we invested. It’s not surprising.

“Insurance benefits are delivered in clunky portals or in PDFs, which is so unengaging compared to the financial experiences employees are used to.Kota integrates directly with insurance companies so we can control that experience and make it easy to roll out and run benefits, no matter who you are or where your team is. This means that employees can quickly understand, enrol, access coverage, retirement plans, or other benefits, and actually value them.”

Eurazeo investor Elise Stern added, “Kota really stood out to us. With a tech-first approach, they’ve built a robust technical and financial infrastructure: deep integrations with insurers across dozens of countries, visibility across the benefits stack, and a seamless API that allows partners — from HRIS to payroll — to embed benefits natively. Having backed companies like Swile, PayFit, Peakon, and Qonto at Eurazeo, we’ve been long-term believers in the power of tech to reshape the way people work. Kota fits right into that vision, and we’re excited to welcome them to the portfolio.”