Collective Benefits Raises US $10M in Funding

Collective Benefits, a London, UK-based insurance and benefits marketplace for independent workers, raised US $10m in funding.

Prosus Ventures, the venture investing arm of Prosus, made the investment.

The company intends to use the funds to expand its suite of products and services for independent workers, as well as continue to expand its presence as the market leader across Europe and beyond.  

Led by Anthony Beilin, CEO and co-founder, Collective Benefits offers insurance and benefits for independent workers across sectors. This includes sick pay, accident and injury insurance, wellness, financial and education support, as well as a perks marketplace.

The insurtech company has experienced traction since launching less than 18 months ago and is now live in over 20 markets, serving more than 200,000 members.