Urban Jungle raises £2.5m

London-based insurtech, Urban Jungle has raised a further £2.5m as it looks to expand its reach and increase staffing.

Urban Jungle, founded by Jimmy Williams and Greg Smyth in 2016, raised the £2.5m from Eka Ventures and a number of high-profile backers including former Prudential CEO Rob Devey, Octopus Group CEO Simon Rogerson and Funding Circle co-founder James Meekings. Devey will also now join the company’s board as a non-executive director.

The latest funding round brings the total raised to £6.2m.

The digital insurance business is focused on providing contents, gadget and tenants liability insurance to renters and now has over 20,000 customers and employs 22 staff.

“We are still focused on growth, despite the pandemic, and will be using this funding to bring in more operational staff and expand our reach,” commented Williams. “Despite the lockdown, our business has remained robust, although the nature of claims has changed somewhat."

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