Augmentum leads fresh £4m investment round in London insurtech Artificial Labs
Feb 06, 2024•over 1 year ago
Amount Raised
£4 Million
Investors
Fomcap IvMs&Ad VenturesAugmentum
Description
London insurtech Artificial Labs has received a £4m shot in the arm from Europe’s leading publicly listed fintech fund Augmentum. The fresh round of funding will help Artificial to build on its algorithmic underwriting, as the market moves increasingly towards digital.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers