Insurtech startup Cachet is a business that creates smart insurance solutions, taking into account clients’ lifestyles and working hours. “Cachet aggregates data across platforms and, thus, provides a better picture of workers’ employment patterns, enabling to create fair and flexible insurance policies,” writes the Geenius portal.
Truffle Capital is a European fund that creates and supports radical and disruptive innovations in two areas of expertise – Life Sciences and Information Technologies. Created in 2001, Truffle Capital differs from other management companies through a unique business model – the management company is systematically the main shareholder in its holdings, often in a majority position during the initial phase, and guides its companies to an advanced phase of their development.
According to Cachet CEO Hedi Mardisoo, platform work is a difficult form of work not only for employers but also for insurance providers who struggle to deal with platform work’s unique needs, such as ride-hailing drivers that work across different platforms like Bolt and Uber. “Cachet comes to the aid of such platforms and platform workers and expands the services intended for them,” she explains on the Geenius portal.
The transaction team was led by Law Firm TGS Baltic Partner and Co-Head of the M&A practice group Kadri Kallas and the team also included Kirsti Pent, Mirko Kikkamägi, Olger Kaalep, Mari-Liis Orav, Mari Anne Valberg, and Liisa Levandi.