Urban Jungle funding news – Insurtech Startup Urban Jungle Secures £11.2Million in Funding

In order to give real consumers better costs, Urban Jungle also use AI to filter out insurance fraud. With its headquarters in London, the business employs 70 people in the UK and serves more than 200,000 clients.

The money will be used by the company to keep hiring, add new verticals, and expand its UK home insurance business at a quick pace.

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Intact Ventures, Ingka Investments, Mundi Ventures, Eka Ventures, and Sony Innovation Fund are among the current investors. Several well-known angel investors are among the investors, including Rob Devey, the former CEO of Prudential UK.

Co-Founder and CEO Jimmy Williams said: “We have built a great relationship with our investors, who fully back our mission of using technology to make insurance fairer, and doing so in a sustainable way. Our technology means we can screen out fraudsters and help genuine customers get a much better deal, which is particularly important in the current economy. This funding is a testament to the hard work of the team and the continual progress we’ve made as a company to make insurance simple, quick and affordable.”

Antonio Avitabile, Managing Director, EMEA of Sony Ventures, commented: “We are excited to support Urban Jungle, whose commitment to redefining the insurance landscape by making insurance accessible and affordable to a wider population aligns with our vision for forward-thinking investments that benefit society. We look forward to seeing and supporting what Urban Jungle does, as they expand their product offerings and their team in their journey to become one of the leading insurance businesses in the UK."

About Urban Jungle

Urban Jungle creates insurance to meet the needs of the modern consumer. Simple, transparent, and equitable is our cover. Their goal is to create a society in which all individuals have assurance over their financial prospects. They must challenge a century-old business to make insurance fair, and they must also challenge ourselves to set the standard.