Urban Jungle Secures £11.2M to Transform Insurance
Urban Jungle, an innovative insurance technology startup based in London, is making significant strides in the insurance industry by leveraging technology to prioritize fairness. With a mission to transform the way home insurance is delivered, the company has successfully assisted over 200,000 customers in obtaining better coverage. Recently, Urban Jungle raised £11.2M ($14.4M) in a funding round led by its existing investors, a move that solidifies the company's cash position and positions it for further growth and expansion.
Founded in 2017 by the dynamic duo of Jimmy Williams and Greg Smyth, Urban Jungle has consistently focused on making insurance simple, quick, and affordable.
This latest funding round brings the total amount raised by the company to £43.3M ($55M), reflecting both the trust investors have in its vision and the company's continued progress. As Jimmy Williams, Co-Founder and CEO, points out, “Our technology allows us to screen out fraudsters and assist genuine customers in finding substantial deals, which is especially crucial in today's fluctuating economy.” With over 9,000 reviews on Trustpilot, Urban Jungle enjoys an "Excellent" rating as one of the UK’s leading insurance providers.
The company’s commitment to ethical growth is evident through its attainment of B Corporation status and its dedication to being carbon neutral. As they aim to expand their offerings and increase the size of their team, Urban Jungle remains focused on creating a positive impact not only in the insurance sector but also in their broader community. Antonio Avitabile, Managing Director – EMEA of Sony Ventures, expressed excitement in supporting Urban Jungle’s mission to redefine insurance by making it accessible and affordable. The company plans to use the new funding to scale its home insurance business in the UK, add new verticals, and continue hiring talent that can contribute to its ambitious goals.
They've invested in Urban Jungle Services
Get to know these Greentech investors
Click here for a full list of 6,908+ startup investors in the UK