Durham insurance disruptor launches £300,000 fundraiser

Durham insurance disruptor launches £300,000 fundraiser

County Durham car insurance disruptor honcho has announced the final stage of its £2.5m capital investment fundraise.

The business operates a reverse auction site where insurers can bid for drivers’ insurance contracts, with an app which allows insurers to bid for consumers’ business and competing with each other to offer the best value package in real time.

Last December the business, which launched its latest fundraise in summer 2019 with investment from Maven Capital Partners, turned to Crowdcube to secure investment and within days raised more than £700,000 – including a single investment of £250,000.

Source: Chronicle Live

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