London-based Urban Jungle, an insurance technology startup, announced on Tuesday that it has secured £11.2M (approximately €13M) in its latest funding round led by existing investors. The company leverages cutting-edge technology to make insurance affordable and accessible for its customers, utilising AI and Machine Learning to detect fraud and providing a fully online service. Jimmy Williams, Urban Jungle Co-Founder, and CEO, says, “We have built a great relationship with our investors, who fully back our mission of using technology to make insurance fairer, and doing so in a sustainable way.” He continues, “Our technology means we can screen out fraudsters and help genuine customers get a much better deal, which is particularly important in the current economy.” “This funding is a testament to the hard work of the team and the continual progress we’ve made as a company to make insurance simple, quick, and affordable,” he adds. SIF engages with pioneering startups to help fuel the development of disruptive technologies, launch new businesses, and contribute to the environment while seeking a return on investment. We look forward to seeing and supporting what Urban Jungle does, as they expand their product offerings and their team in their journey to become one of the leading insurance businesses in the UK.”