Flock

Flock is a UK-based Insurtech startup founded in 2015, aiming to make the world quantifiably safer with its innovative approach to commercial fleet insurance. The company's slogan "Insurance for commercial fleets. On a mission to make the world quantifiably safer" encapsulates its vision. Flock's policies, endorsed by top underwriters and trusted by notable UK fleets such as Virtuo, Onto, and Jaguar Land Rover’s leasing arm ‘The Out’, actively incentivize safer driving through connected insurance. Recognized for its excellence in underwriting and as the MGA Challenger of the Year at the 2022 Insurance Times Awards, Flock's impact in the industry is evident. The most recent milestone for Flock is its €35.90M Series B investment on 27 February 2023. A consortium of prominent investors including Anthemis Group, Octopus Ventures, Social Capital, CommerzVentures, Dig Ventures, Foresight Ventures, and North West Quadrant Ventures participated in this funding round, signifying strong investor confidence in Flock's business model and growth potential. Embracing the convergence of Big Data, Fintech, and Insurance, Flock's connected fleet insurance stands out as a disruptive force in the Insurtech sector. By actively rewarding safer driving practices, Flock's approach exemplifies the potential for technology to overhaul traditional insurance paradigms, offering tangible benefits to businesses and promoting societal well-being. As the startup continues to expand its influence and reach, it presents an intriguing opportunity for venture capital firms seeking to invest in the intersection of technology and insurance.