The Series B round was co-led by Mundi Ventures and Opera Tech Ventures to support international growth and product scaling.
"We have been at the forefront of shaping digital automotive insurance solutions. Our approach to innovation, with a focus on exceptional user experience, has attracted and retained globally recognisable partners, demonstrating the value in our propositions."
The Series A financing will support the property firm as it scales its gradual homeownership operations and aims to break even.
"Due to the way that the Gradual Homeownership model works, the rising interest rates seen since September’s controversial mini-budget have delivered even greater demand for our product. With the recent ending of the Help to Buy scheme there are now hundreds of thousands of would-be homeowners seeking alternative ways to access the property ladder. This significant raise will fuel our ambitions to double the pace at which we can help new homeowners within 12 months."
The funding round was backed by Octopus Ventures, Headline, Volution, Verso Capital, and Channel 4 Ventures, alongside a retail crowdfunding campaign.
"We’re delighted to have such great support from the VC community as well as ‘the Crowd’. There’s significant momentum behind revolutionising the life insurance space, but there is also a much broader opportunity for our deathwish platform which allows people to plan exactly what they want to happen when they die. We’re here to help our customers think about how they want to be remembered and enable those wishes to be tied into their life insurance plan, to give it a real meaning."