Urban Jungle raises £2.5 million
Urban Jungle, the London-based digital broker offering renters contents insurance from £5 a month, has raised £2.5m from Eka Ventures and a host of high profile backers.
Founded in 2016 by Jimmy Williams and Greg Smyth, the 22-person startup raised ~$8.2 million from several investors such as former Prudential CEO Rob Devey, Octopus Group CEO Simon Rogerson and Funding Circle cofounder James Meekings, and it serves over 20,000 customers.
“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. Despite the lockdown, our business has remained robust, although the nature of claims has changed somewhat. There have been fewer phones stolen or lost as people aren’t going out much. But there’s been a lot more tea and coffee spilt on laptops.” – Urban Jungle CEO Jimmy Williams.