Urban Jungle secures £16.5m Series A funding led by Intact Ventures to expand home insurance operations
Intact Ventures led the Series A round alongside Ingka Group to help the insurer scale its customer base and workforce.
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 £16.5m in a Series A funding round led by Intact Ventures, with participation from Ingka Group, Eka Ventures, Mundi, and Rob Devey. The company will use the capital to expand its UK home insurance operations and enter new insurance markets.
Founded by Jimmy Williams and Greg Smyth, the London enterprise has built a customer base exceeding 100,000 policyholders. The firm employs automated digital systems and machine learning models to detect fraudulent claims and keep prices accessible for consumers.
The latest investment brings total funding raised by the business to £32m. Urban Jungle also plans to recruit 100 new staff members across its domestic operations as part of its ongoing growth strategy.
From the founder
"This latest Series A funding round comes at an exciting time, we’re growing very quickly which has been attractive to both existing and new investors."
Jimmy Williams
Co-Founder and CEO at Urban Jungle
Investor perspective
"We’re thrilled to lead Urban Jungle’s Series A financing round and support the company’s mission to modernize the insurance buying journey for its customers,"
Justin Smith-Lorenzetti
Head of Investments, Intact Ventures
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
Justin Smith-Lorenzetti
Intact Ventures
Krister Mattsson
Ingka Group
Eka Ventures
Mundi
Rob Devey
Categories
About the company
Urban Jungle
Urban Jungle provides technology-driven home insurance products for renters and homeowners.