Humn raises £10.1m in Series A funding led by BXR Group and Shell Ventures to scale its fleet insurance platform
The investment round was led by BXR Group and Shell Ventures to support product development and international expansion.
London-based insurtech company providing dynamic motor fleet insurance and real-time risk assessment platforms.
London insurtech business Humn has secured £10.1m in a Series A funding round to advance its data capabilities and commercial operations. The investment was co-led by BXR Group and Shell Ventures, with additional participation from Hambro Perks Leaders Fund and Woodside Holdings. The capital will support the company as it scales its operations in the domestic market and prepares for European expansion, alongside developing its dynamic pricing technology.
From the founder
"This investment adds the fuel to power our scaleup phase. We have built the data moat and unique tech IP stack to fundamentally change commercial fleet insurance. Our goal now is to deliver exponential commercial growth of our MGA in the UK and select EU territories as well as advance our mission to deliver the first commercial wrapped Autonomous Vehicle insurance policy with our AV developer partners."
Mark Musson
CEO at Humn
Investor perspective
"In a sector dominated by opaque and siloed offerings, Humn is rapidly establishing itself as the transparent, fair and flexible option for the modern fleet. Since our initial investment, we have been continually impressed with the whole team’s clarity of vision and speed of execution. We are excited to deepen our commitment to helping Humn become the market leader for commercial fleet insurance."
Amory Poulden
Venture Principal, Shell Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
