Dig Ventures is a pre-seed and seed-stage fund investing in B2B SaaS and fintech companies in Europe and the US.
Octopus Ventures led the Series B round to support expansion into new vehicle segments and international markets.
"At Flock, we believe that insurers should help customers save time, money, and even lives. With our radically different insurance model, enabled by an immense amount of data, we hope to actively reduce the number of people needlessly killed or injured on the road."
Andreessen Horowitz led the funding round, which included backing from a range of prominent institutional investors and unicorn founders.
"We’ve seen an acute pain point and therefore compelling opportunity around automating and managing payments and finance workflows"
The Series A round was led by Social Capital with participation from Anthemis and Dig Ventures.
"Flock is bridging the gap between today’s insurance industry and tomorrow’s transportation realities. By using real-time data to truly understand vehicle risk, Flock is meeting the demands of our rapidly evolving, hyper-connected world. Flock has the potential to help unlock and enable a truly autonomous world, and even save lives. We’re excited to be a part of their journey."
