Urban Jungle

Urban Jungle

Insurance solutions for a new generation

About Urban Jungle

Simplify's Rating
Why Urban Jungle is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Social Impact

Financial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$55.9M

Headquarters

London, United Kingdom

Founded

2016

Overview

Urban Jungle provides insurance solutions tailored for a modern audience, focusing on straightforward and transparent coverage options. Their products are designed to give clients confidence in their financial future by offering clear and fair insurance policies. Unlike many traditional insurance companies, Urban Jungle emphasizes social responsibility and environmental performance, as evidenced by their certification as a B Corp. This commitment to accountability and transparency sets them apart in the insurance market. The company's goal is to deliver value through equitable insurance products while generating revenue from policy premiums.

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Significant Headcount Growth
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Funded Recently
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Simplify's Take

What believers are saying

  • Expansion into travel insurance broadens customer base and diversifies revenue streams.
  • Recent £11.2M funding supports growth in home insurance and new verticals.
  • New branding appeals to younger consumers prioritizing transparency and ethics.

What critics are saying

  • Increased competition from similar insurtech companies may dilute market share.
  • Reliance on AI could lead to algorithmic bias, affecting customer fairness.
  • Partnership with PJ Hayman & Co. may risk reputation if service expectations aren't met.

What makes Urban Jungle unique

  • Urban Jungle offers both home and travel insurance, a unique multi-line approach.
  • The company uses AI and machine learning to optimize pricing and detect fraud.
  • Urban Jungle is a certified B Corp, emphasizing social and environmental responsibility.

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Funding

Total Funding

$55.9M

Above

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
Discord
$14.7M
Urban Jungle
$15M
Canva
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

2%

2 year growth

14%
Coverage
Jan 14th, 2025
Urban Jungle Launches Travel Insurance Product

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FF News
Jan 14th, 2025
Urban Jungle Becomes First Uk Insurtech To Offer Both Home And Travel Insurance

Insurtech provider Urban Jungle today launches travel insurance, adding to its range of home insurance products in a big step for the company as it goes ‘multi-line’.Customers can purchase both single-trip and annual multi-trip policies, to be covered for events such as medical emergencies, cancellations, delays and lost luggage.As with its home insurance products, Urban Jungle has removed unnecessary questions from the quote process, the policies are customisable, and there are no hidden fees for making changes or cancelling.The launch marks a new partnership between Urban Jungle and PJ Hayman & Co., who will be arranging the travel insurance policies.Urban Jungle uses the latest technology to help keep insurance affordable and accessible for its customers, whether that’s through its use of AI to catch fraud or offering an online-first service.Founded by Jimmy Williams and Greg Smyth in 2017, the company has grown rapidly and in April 2024 secured $14M in additional funding. The business now has 85 UK staff and has helped over 300,000 customers.The company is a certified B Corp, offsets 100% of its carbon emissions and uses entirely renewable electricity in its offices.Jimmy Williams, CEO and Co-Founder at Urban Jungle, commented:“At Urban Jungle we’ve always had the goal of helping customers get fairer cover across a range of insurance products, so it’s fantastic to continue our product rollout.Just like our flagship home insurance products, our travel insurance is designed to be simple, clear and fair, and customers can get insured in minutes.Having announced further growth funding mid last year, it’s a really exciting time for Urban Jungle as we continue to expand to new verticals.It’s part of our Urban Jungle vision of a world where everybody feels confident about their financial future, starting with insurance.”

FF News
Dec 3rd, 2024
Insurance Startup Urban Jungle Launches New Branding: ‘Fair To You, Your Wallet, And The Planet’

Insurtech provider Urban Jungle today announces the launch of its new branding, centred around the message ‘Fair to you, your wallet, and the planet’, to reflect its unique product.Created in-house, the branding reflects Urban Jungle’s offering of simple, affordable insurance as well as its ethical credentials. Urban Jungle uses the latest technology to help keep insurance affordable and accessible for its customers, whether that’s through its use of AI and Machine Learning to catch fraud or offering an online-first service.It has removed unnecessary questions from the quote process (like how flat your roof is), offers flexible policies and doesn’t charge hidden fees for changing or cancelling. The company is a certified B Corp, offsets 100% of its carbon emissions and uses entirely renewable electricity in its offices.Laura Woodhead, Marketing Director at Urban Jungle, commented: “Our new brand positioning reflects our commitment to fairness – to our customers, our team, and the planet.“We believe insurance can be better, and that customers shouldn’t have to pay more for the privilege of being treated fairly. Plus, we think being better for people shouldn’t mean you forget about the planet.“Having announced further growth funding earlier this year, it’s a really exciting time for Urban Jungle as we continue to expand.”Urban Jungle’s new branding features a brighter orange as its primary colour, with a prominent petal shape and a mixture of natural and urban iconography. The colour scheme and typography keep in tone with Urban Jungle’s bold branding targeted to a younger audience

Coverage
May 8th, 2024
Co-Op Insurance Launches New Renters Product With Urban Jungle

Co-op Insurance <i class="fa fa-info-circle company-popover" data-content="h3Co-op Insurance/h3. div. table

StartUpRise
May 2nd, 2024
Urban Jungle Raises £11.2M Funding

Urban Jungle, a London-based insurtech startup, has secured £11.2 million in funding from existing investors, bringing its total raised to £43.3 million. The company plans to use the funds to expand its UK home insurance business, add new verticals, and continue hiring. Key investors include Intact Ventures, Ingka Investments, and Sony Innovation Fund. CEO Jimmy Williams highlighted the use of technology to enhance fairness in insurance and screen out fraud.

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