What is Loxa?
Founded in 2023, Loxa, formerly known as Bolt Cover, provides product protection plans for repairable items such as furniture, eyewear, and power tools. Their system is designed for seamless integration with both online and in-store retailers, offering API connectivity and tailored plugins for major e-commerce platforms including Shopify, WooCommerce, PrestaShop, and Magento. This strategic offering aims to enhance the customer experience and provide retailers with an additional revenue stream by enabling them to offer robust protection cover at the point of sale.
How much funding has Loxa raised?
Loxa has raised a total of $5.8M across 2 funding rounds:
Seed
$2.2M
Seed
$3.6M
Seed (2025): $2.2M with participation from Angel Investment Network
Seed (2026): $3.6M, investors not publicly disclosed
Key Investors in Loxa
Angel Investment Network
The South Africa Angel Investment Network connects entrepreneurs seeking investment with angel investors who possess the capital and expertise to help them succeed. The platform facilitates relationships between South African startups and investors across various sectors, including technology, finance, and healthcare.
What's next for Loxa?
With the recent infusion of major strategic capital, Loxa is poised for accelerated expansion and product development. This significant backing, part of its overall $5.8M in funding, suggests a strategic focus on scaling its operations, enhancing its platform capabilities, and potentially broadening its market reach. The company's ability to secure such substantial investment indicates strong investor confidence in its business model and its capacity to disrupt the retail protection market. Future initiatives will likely involve deepening integrations with more retail partners and refining its technology to offer more comprehensive and user-friendly protection solutions.
See full Loxa company page
