What is Flock?
Flock specializes in offering tailored insurance solutions for diverse commercial fleets, encompassing drones, cars, and vans. The company differentiates itself by providing flexible pricing models that are directly correlated with actual exposure to risk. This data-driven approach allows businesses to optimize their insurance costs while ensuring adequate coverage for their operations. Founded in 2015 and based in London, United Kingdom, Flock is positioned to address the evolving insurance needs of modern commercial operations.
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 Anthemis, Social Capital, and Dig Ventures
Series B (2023): $38M supported by Social Capital, Octopus Ventures, Dig Capital, and CommerzVentures
Key Investors in Flock
Anthemis
Anthemis is a London-based firm established in 2010, dedicated to fostering innovation and growth within the financial services sector through strategic investments in emerging businesses.
Social Capital
Social Capital, also known as SCI Social Capital Inc., focuses on building inclusive communities and empowering leaders to drive positive social, economic, and health outcomes, often through youth engagement and leadership programs.
Octopus Ventures
Octopus Ventures is a venture capital firm that backs mission-driven companies across various sectors, including software, climate, health, consumer, and financial technology, providing long-term capital and guidance.
What's next for Flock?
The recent major strategic investment signals a pivotal phase for Flock, likely enabling the company to accelerate its product development, expand its market reach, and enhance its technological infrastructure. With a focus on exposure-based insurance, Flock is well-positioned to capitalize on the increasing demand for dynamic and data-informed risk management solutions in the commercial fleet industry. Future growth may involve further integration of IoT data for real-time risk assessment and the expansion into new geographical markets or specialized fleet segments.
See full Flock company page
