4 years ago

Urban Jungle Secures €9.3 Million to Expand Insurance Offerings

  • Urban Jungle, a UK-based insurtech startup, has raised €9.3 million in a Series A funding round led by Mundi Ventures, with participation from Eka Ventures and private backers

  • The funding will be used to scale the company rapidly and diversify into new insurance products

  • Urban Jungle provides affordable and flexible insurance products specifically designed for renters, people in house shares, and those who often struggle to gain insurance

  • The company has gained recognition for its ability to provide insurance to a broader range of customers by using data to detect potential fraudsters and offer coverage to those who have proven to be honest.

      • ProblemFinancial Services

      "traditional insurance companies have high prices for some groups of customers, such as young people, low-income earners or recent immigrants"

      Solution

      "Urban Jungle uses data and technology to provide affordable insurance, with policies designed specifically for renters, shared-housing residents, and others who struggle to get insurance, and offers flexible coverage options"

      Covered on