4 years ago

Collective Benefits Secures $10 Million to Expand Independent Worker Benefits

  • Collective Benefits, a London-based insurance and benefits marketplace for independent workers, has raised US$10 million in funding from Prosus Ventures

  • The company plans to use the funds to expand its product offerings and services for independent workers, as well as expand its presence across Europe and beyond

  • Collective Benefits provides insurance and benefits for independent workers in various sectors, including sick pay, accident and injury insurance, wellness, financial and education support, and a perks marketplace

  • Since launching less than 18 months ago, the insurtech company has seen significant growth, operating in over 20 markets and serving over 200,000 members.

      • ProblemFinancial Services

      "Independent workers often lack access to essential benefits like sick pay, accident and injury insurance, and other support that traditional employees enjoy."

      Solution

      "Collective Benefits provides a marketplace for independent workers to access a range of insurance and benefits, including sick pay, accident and injury insurance, wellness programs, financial and educational support, and perks. "

      Covered on