Humn.ai, a London-based insurtech that offers real-time data-driven fleet insurance, secured £10.1 million in Series A funding round.
The round was led by notable names such as BXR Group and Shell Ventures. Additionally, Hambro Perks Leaders Fund and Woodside Holdings also participated in the round.
The fresh funds will be utilized to boost their teams by hiring people across commercial functions, sales, marketing, and customer success.
Company: Humn.ai Limited
Raised: £10.1M
Round: Series A
Funding Month: October 2021
Lead Investors: BXR Group and Shell Ventures
Additional Investors:
Company Website: https://humn.ai/
Software Category: AI-driven real-time insurance platform
About the Company: Humn.ai develops an insurance platform that delivers risk-adjusted insurance pricing for highly utilized vehicles. Its platform delivers data-driven insurance services that connect cars directly to fleet insurance policies, providing live data, contextual scoring, and live geospatial exposure mapping to reduce decision latency. Humn.ai enables fleet operators and insurers to manage claims and mitigate risk in real-time. The key offering by Humn is its AI-driven real-time insurance platform called Rideshur. The platform calculates thousands of in-vehicle and external data points in real-time.
Source: https://www.uktech.news/news/london-based-insuritech-humn-secures-10-1m-funding-to-enable-real-time-fleet-insurance-20211013