Urban Jungle, a London, UK-based insurtech startup, completed a £1m seed funding round.
The round was led by Rob Devey, ex CEO of Prudential UK and HBOS insurance, who also acts as the business’ Board Advisor. The group of angel investors also included a number of the early investors in Funding Circle, the investment group Octopus, and early stage insurtech startup BoughtByMany.
The company intends to use the funds to launch several new products, including one targeted at house and flat shares, further build its relationships with
distribution partners, and continue to build out the services offered to customers within its tech stack.
Co-founded in 2016 by Jimmy Williams and Greg Smyth, Urban Jungle provides tech driven insurtech products in order to build a better home insurance experience for the UK’s fast-growing population of urban renters and sharers.