The Yorkshire technology firm has raised seed funding from Angelfish to accelerate product development and international expansion.
"Angelfish is delighted to increase its holding in yboo and to be negotiating the potential injection of substantial funds to secure the rollout and expansion of the yboo model. In the last few months, since the initial funding, yboo has significantly advanced the technology behind the model and attract considerable trade interest within the price comparison sector."
The funding round was backed by LBA private investors, Downing Ventures, and the London Co-Investment Fund.
"2017 will be a transformative year for drone technology and integration with wider society, and our on-the-spot insurance solution will form one part of that. As we close this funding round I am delighted to welcome to the team some very big names in the automotive, big data, drone-tech, and insurance spaces. Together with support from Innovate UK and Ordnance Survey, Flock is even better equipped to help pave the way for a future of safe, fully autonomous drone flights"
Balderton Capital led the Series A round to support international growth and product expansion.
"In compliance, we see lots of entrants with a new workflow, or user-interface tool that is just repackaging the same data. ComplyAdvantage is doing something different, by developing its own proprietary global data set of individuals and companies that pose a threat"
