Urban Jungle raises £2.5m in Series A funding led by Eka Ventures to expand operations.
The Series A round was led by Eka Ventures with participation from high-profile entrepreneurs.
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 £2.5m in Series A funding led by Eka Ventures, alongside contributions from prominent private backers including Rob Devey, Simon Rogerson, and James Meekings. The fresh capital arrives as the tech start-up surpasses 20,000 customers and a team of 22 staff, bringing its total capital raised to £6.2m.
Established in 2016, the company focuses on delivering accessible contents insurance for renters and Millennials. The business intends to deploy the proceeds to hire additional operational staff and extend its market reach.
The investment underscores continued investor confidence in the firm despite challenging macroeconomic conditions caused by the pandemic. Alongside the funding, former Prudential chief executive Rob Devey is joining the board as a non-executive director.
From the founder
"We are still focused on growth, despite the pandemic, and will be using this funding to bring in more operational staff and expand our reach,"
Jimmy Williams
Co-Founder and CEO at Urban Jungle
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
Categories
About the company
Urban Jungle
Urban Jungle provides technology-driven home insurance products for renters and homeowners.