Browne Jacobson advises Insurance Start-up Award 2018 winner Digital Risks on £2.25 million investment round
Summary
The company has its eyes on the booming digital start-up and SME market, and already insures many of the UK’s top start-ups, in sectors spanning software development and IT services, media, digitised traditional businesses, plus new technology sub-sectors like fintech, medtech and edutech. This is the fourth major Insurtech investment that Browne Jacobson has advised on recently, following funding rounds for Laka, Digital Fineprint and Dinghy. Jon Snade said: “We are again delighted to continue to build on our reputation for advising high-growth start-ups, notably in the InsurTech sector, and to have the opportunity to work with such a successful, award-winning business. This investment will help Digital Risks to fulfil its plans to scale its marketing, triple its team and develop new online insurance products with a view to expanding internationally, starting with initial moves into Europe in the next 12 months”. Digital Risks is another client on the firm’s Grow programme which is tailored specifically for high-growth companies at any stage of the startup journey.