Urban Jungle raises £11.2m in a Series A follow-on funding round to scale operations and expand its team
The investment round was led by existing backers including Sony Innovation Fund.
Urban Jungle is an insurance technology provider that uses machine learning and digital platforms to deliver home insurance. The company focuses on fairness and accessibility for renters and homeowners.
Urban Jungle has secured £11.2m in a Series A follow-on investment round led by existing backers, bringing its total funds raised to £43.3m. The capital will support the company as it expands its home insurance operations, introduces new product lines, and increases headcount.
Founded in 2017, the London-based insurer utilises artificial intelligence and machine learning to detect fraud and streamline policies for its customer base of over 200,000 policyholders. Participants in the latest financing include Sony Innovation Fund, alongside ongoing support from established institutional and angel investors.
From the founder
"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."
Jimmy Williams
Co-Founder and CEO at Urban Jungle
Investor perspective
"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."
Antonio Avitabile
Managing Director – EMEA, Sony Innovation Fund
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Categories
About the company
Urban Jungle
Urban Jungle provides technology-driven home insurance products for renters and homeowners.