Flock raises $38 million

Flock Limited has closed a $38 million Series B round led by Octopus Ventures, with participation from CommerzVentures, Social Capital, Dig Ventures, Anthemis, and Foresight Ventures.

The London-based startup is in the space of Zego, offering commercial insurance for fleets.

Since its last funding round in 2021, Flock welcomed over 600 new fleet customers, partnered with global insurers like Aioi Nissay Dowa, NIG, and QBE Insurance, and onboarded over 100 brokers.

The funding will be used to to expand into new segments of the commercial motor industry as well as new geographies.