Humn raises $13.7 million, the London-based startup looking to make fleet insurance fairer, has raised $13.7 million in Series A funding co-led by BXR Group and Shell Ventures with participation from Hambro Perks Leaders Fund and Woodside Holdings.

Founded in 2017, Humn operates as an MGA and uses a telematics device and dashcam to assess driver behavior. The startup, which operates Rideshur, claims to offer “dynamic premiums, real-time risk management and effortless claims.”

“This investment adds the fuel to power our scaleup phase. We have built the data moat and unique tech IP stack to fundamentally change commercial fleet insurance. Our goal now is to deliver exponential commercial growth of our MGA in the UK and select EU territories as well as advance our mission to deliver the first commercial wrapped autonomous vehicle insurance policy with our AV developer partners.” – Humn CEO Mark Musson.