3 years ago

Insurtech Startup Urban Jungle Raises £16.5M in Series A Funding Led by Intact Ventures

  • UK-based insurtech startup Urban Jungle has raised £16.5 million in a Series A funding round led by Intact Ventures

  • The company, which provides home insurance for renters and homeowners, will use the funding to scale its UK business and expand into new markets

  • Urban Jungle differentiates itself by leveraging AI technology to detect fraud and reduce costs for customers

  • The round also saw participation from Ingka Group, the parent company of IKEA, as well as previous backers Eka Ventures, Mundi, and former Prudential UK CEO Rob Devey.

      • ProblemFinancial Services

      "Traditional home insurance is expensive and inefficient, particularly for renters and younger homeowners."

      Solution

      "Urban Jungle offers affordable and user-friendly home insurance through its online platform, leveraging AI to combat fraud and reduce costs for customers."

      Covered on