Collective Benefits secures £7.3m from Prosus Ventures to expand insurance for independent workers
Prosus Ventures led the seed follow on round to support product expansion across Europe.
Collective Benefits operates an insurance and benefits marketplace tailored for independent workers. The firm provides financial safety nets and workplace perks across multiple European markets.
Collective Benefits has secured £7.3m in a seed follow on funding round led by Prosus Ventures. The capital will be deployed to expand the company suite of insurance products and services for independent workers while scaling its market presence across Europe.
The marketplace offers protections such as sick pay, accident insurance, and financial support tailored to the growing gig economy. This latest injection follows rapid traction since the company launch, positioning it to address structural vulnerabilities faced by independent contractors.
From the founder
"We’re delighted to welcome Prosus Ventures as an investor in Collective Benefits,"
Anthony Beilin
CEO and co-founder at Collective Benefits
Investor perspective
"The pandemic has accelerated the momentum of flexible and independent work,"
Sandeep Bakshi
Head of European Investments, Prosus Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
Collective Benefits
Collective Benefits provides insurance and benefits for independent workers.