Flock, an insurtech startup, raised a $38M Series B led by Octopus Ventures.
The London-based company plans to use the new funds to expand to new markets.
Flock's product works by collecting driving data and other external variables to determine incentives for connected car fleets.
- Flock claims over 600 fleet customers, including Jaguar Land Rover, European EV subscription company Onto, and one-third of independent fleet contractors for Amazon.
- The round included participation by Chamath Palihapitiya's Social Capital, MuleSoft's founder Ross Mason's family office, and Foresight Ventures, among others.
