KOBA Insurance Pty Ltd announced that it will receive up to AUD 1.5 million in a round of funding on March 27, 2023. The company will issue simple agreement for future equity (SAFE) in the transaction. The transaction will include participation from new investor Ensurance Limited.

The company will receive funding in five separate tranches over a two-year period. As a part of the transaction Tom Kent of Ensurance Limited will join board seat.