What is Flock?
Flock is a specialized insurance technology firm that provides exposure-based coverage for commercial vehicle fleets, including drones, cars, and vans. Founded in 2015, the company distinguishes itself from traditional insurers by utilizing dynamic, real-time data to calculate risk, allowing for flexible pricing models that align with actual usage. This shift from static, annual premiums to usage-based insurance represents a significant disruption in the commercial insurance market, offering fleet managers greater control over their insurance costs while incentivizing safer operational practices.
How much funding has Flock raised?
Flock has raised a total of $57.3M across 3 funding rounds:
Angel/Seed
$2.3M
Series A
$17M
Series B
$38M
Angel/Seed (2018): $2.3M, investors not publicly disclosed
Series A (2021): $17M led by Dig Ventures, Anthemis Group, and Social Capital
Series B (2023): $38M supported by Octopus Ventures, CommerzVentures, Dig Capital, and Social Capital
Key Investors in Flock
Octopus Ventures
A founder-focused venture capital firm that backs mission-driven companies across software, climate, health, and financial technology, providing long-term capital and strategic guidance.
CommerzVentures
The independent venture capital arm of Commerzbank, specializing in early-stage FinTech and InsurTech investments across Europe, Israel, and the USA.
Anthemis Group
A London-based investment firm dedicated to cultivating change in financial services by investing in, growing, and sustaining innovative businesses.
What's next for Flock?
With the successful completion of its latest funding round, Flock is well-positioned to accelerate its product development roadmap and deepen its integration with enterprise-level fleet management systems. The company is expected to focus on enhancing its AI-driven risk assessment capabilities, which are central to its value proposition. Furthermore, the strategic backing from prominent venture capital firms provides not only the necessary liquidity for expansion but also access to a broader network of financial services expertise. As the demand for smarter, more responsive insurance solutions grows, Flock is poised to solidify its market leadership by scaling its infrastructure to support larger, more complex fleet operations globally.
See full Flock company page
