Lokky’s €2.6 Million Crowdfunding

The campaign was hosted on Mamacrowd and closed after raising approximately €2.6 million. The cash infusion comes as part of an overall capital increase of €2.9 million and marks a milestone of €5 million having been raised since Lokky’s inception.

Lokky currently serves the insurance needs of more than 200 categories of clients. Its solutions include building damage, public liability, contributors’ liability, content damage, theft, professional liability, legal protection, cyber risk and other areas.

The company currently covers the insurance needs of more than 200 types of clients with solutions ranging from Building Damage to Public Liability, Contributors’ Liability, Content Damage, Theft, Professional Liability, Legal Protection, Other Property Damage, Cyber Risk. In addition, Lokky is natively ready to be integrated by external partners, both digital and physical. This latest capital injection will enable the firm to cement its position Italy and further accelerate the growth of its product portfolio.

Rosario Sapuppo, Smart Law:

Please tell us more about the role your team performed during this crowdfunding campaign.

Actually, the support of our team started since 2018 when we assisted the founders in structuring the legal frame for reaching the current result of the crowdfunding campaign. We played a major role in advising the founders on the strategy to implement a successful campaign that considered the previous contractual documentation executed with the initial shareholders and investors involved in the previous seed funding.

Why were your team’s skills and experiences a good fit for the task?

We constantly work hand-in-hand with our clients and we regard them as our long-term friends. We are not only involved in the legal aspect but always try to get a wide view over the entire project in order to evaluate the potential risk and provide the most efficient legal advice to our clients. With respect to the campaign, I believe we especially succeeded in managing the contractual documentation with the initial shareholders and bridging the same to the fundraising campaign.

Why were your team’s skills and experiences a good fit for the task?

We constantly work hand-in-hand with our clients and we regard them as our long-term friends. We are not only involved in the legal aspect but always try to get a wide view over the entire project in order to evaluate the potential risk and provide the most efficient legal advice to our clients. With respect to the campaign, I believe we especially succeeded in managing the contractual documentation with the initial shareholders and bridging the same to the fundraising campaign.