Gig Worker Insurance Platform Collective Benefits Raises $10 Million
Summary
Collective Benefits, an insurance platform for gig and independent workers, has raised $10 million in a fresh capital injection from investment giant Prosus Ventures. "The US has typically a much stronger homegrown market, Doordash, Intsacart, Lyft, primarily US-focused businesses, which means you have to have a hyper local presence in the US, particularly California. "I think were seeing worker wellbeing and social impact are the top of the business agenda and I think that made companies more focused, and keen to fix the challenges that we can support on," Beilin said. "The policymakers and legislators and courts should actually be encouraging the provision of protection and insurances and wellbeing support for workers regardless of the employee model that they choose to participate in. I think that will go a long way to helping bridge the social contract gap that weve seen fractured by the ongoing proliferation of digital platform work."