InsurTech Futures: Brolly raises £1m in funding

Bag of money

Start-up broker says seed investment, led by Valar Ventures, Pi Labs and Entrepreneur First, is one of the biggest in the UK InsurTech sector.

InsurTech start-up Brolly has closed a £1m fundraising round, led by Valar Veltures, Pi Labs and Entrepreneur First.

The start-up broker, which has launched an artificial intelligence-driven smartphone app to “significantly evolve the antiquated insurance market”, stated that this was one of the biggest seed investments in the UK InsurTech sector to date.

It also noted that it is US venture capital firm Valar’s second seed investment in the UK market.

The start-up was founded in 2016 by

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