Sony’s backing helps Urban Jungle reach £11.2m in funding.

TLDR:

• Urban Jungle raised £11.2m in funding led by existing investors, including Sony Ventures.
• They have raised a total of £43.3m and aim to use technology to make insurance fairer and more accessible.

Sony Ventures, a unit of Sony, led Urban Jungle in raising £11.2 million to scale its UK home insurance business. This funding round brings the total amount raised by the business to £43.3 million. Urban Jungle, a provider of home insurance to renters and homeowners, utilizes technology such as artificial intelligence and machine learning to keep insurance affordable and accessible. The company has over 200,000 customers and is dedicated to making insurance fairer and more sustainable. Existing investors, including Sony Ventures, support Urban Jungle’s mission of using technology to achieve these goals. Urban Jungle has built strong relationships with its investors and aims to simplify insurance processes for its customers. Sony Ventures is excited to support Urban Jungle in redefining the insurance landscape and looks forward to the company’s expansion and growth in the UK market.