Urban Jungle Raises $14 Million in Funding Expansion
Urban Jungle, a London, UK-based insurance technology startup, recently announced that it has raised $14 million in funding. This funding round included support from notable backers such as Intact Ventures, Ingka Investments, Mundi Ventures, Eka Ventures, and Sony Innovation Fund. Additionally, former Prudential UK CEO Rob Devey participated as an angel investor. With this latest investment, Urban Jungle has now raised a total of $55 million, which will be used to further expand its UK Home insurance business, explore new verticals, and grow its team.
Founded in 2017 by Jimmy Williams and Greg Smyth, Urban Jungle aims to revolutionize the insurance industry by providing affordable and accessible home insurance solutions to renters and homeowners.
The company leverages cutting-edge technology such as AI and Machine Learning to enhance its services, including fraud detection and delivering a seamless 100% online experience for customers. With a current workforce of 70 employees in England, Urban Jungle has already catered to over 200,000 customers, demonstrating its rapid growth and market impact.
The success of Urban Jungle underscores the growing demand for innovative insurance solutions within the financial technology sector. By combining advanced technology with a customer-centric approach, the company has been able to disrupt traditional insurance models and address the evolving needs of modern consumers. As Urban Jungle continues to expand its presence and explore new opportunities, it is poised to further solidify its position as a leading player in the insurtech industry, both in the UK and beyond.
They've invested in Urban Jungle
Get to know these Insurtech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Intact Ventures | 1 investment(s) investment(s) | more info | |||
2 |  Ingka Investments | 1 investment(s) investment(s) | more info | |||
3 |  Mundi Ventures | 2 investment(s) investment(s) | 20 contacts contacts | |||
4 |  Eka Ventures | 4 investment(s) investment(s) | more info | |||
5 |  Sony Innovation Fund | 1 investment(s) investment(s) | more info |
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