London-based startup Collective Benefits has raised £6m in funding to further expand its reach across Europe.
As a result of the investment, the business plans to double the size of its team, develop new insurance products and services for independent workers and the on-demand companies they work with, as well as address the growing demand for insurance and benefits in the platform economy.
The investment round was led by Silicon Valley venture fund NFX, with participation from existing investors Stride VC, Delin Ventures, Insurtech Gateway and executives from Uber, Deliveroo and Urban.
This funding round will also see NFX general partner Pete Flint – who was part of the founding team behind Lastminute.com and Trulia – join Collective Benefits’ board in an advisory role.
Anthony Beilin, chief executive and co-founder of Collective Benefits, said: “We see NFX’s investment in Collective as a major vote of confidence in our ability to solve the protection gap problem for tens of millions of independent workers across the UK and…
