Social Capital is a Californian investment firm run by Chamath Palihapitiya.
Portfolio
2
companies
Flock
Flock provides big data risk analysis and insurance for commercial drone flights.
Juggle
Juggle operates an online skills market for flexible work.
Justin Saslaw
Fintech Partner
Justin brings investment and financial services experience from roles at Ribbit Capital, Social Capital, and Goldman Sachs.
LinkedIn
Chamath Palihapitiya
CEO
Chamath is the founder of Social Capital and co-founder and chief executive officer of 8090 Solutions. He previously held vice president roles at Facebook and AOL, alongside an investor position at Mayfield Fund.
LinkedInOctopus 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."
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."
The funding round was backed by Social Capital, Oxford Capital and 7percent Ventures.
"As a successful former headhunter I was placing senior executives, and I saw exceptional employees leaving work to have a baby and struggling to get back in. Firms passed on perfect candidates because they were uncomfortable with bespoke arrangements. I knew things had to change, and I wanted to be the driver of that change. Employees aren't asking for anything revolutionary, just to be able to work in the way that's most efficient and productive for them. Flexibility enables people to maximise their energy and skills, and that's a huge benefit for employers once they realise it. The investment we've secured is a vote of confidence in something we already know is true."
