Bought by Many raises £7.5m to grow mobile platform
The broker also signed a long-term insurance agreement with the Munich Re Digital Partners business unit.
Insurance broker Bought by Many has raised £7.5m in funding in a round led by Octopus Ventures and Munich Re, it has been announced.
HSB Ventures and current Bought by Many investors also participated.
Founded in 2012, Bought by Many uses social media and search data to offer "insight-driven" insurance to customers.
It said the investment would be used to help launch a new range of Bought By Many branded insurance products, which will leverage its mobile technology platform.
It also said the
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