Octopus Ventures led a $38m Series B funding in Flock.

Octopus Ventures, a venture capital company, led a $38m Series B funding in Flock, a UK insurtech company, with participation from CommerzVentures, Social Capital, Dig Ventures, Anthemis and Foresight Ventures. “We’ve grown revenues about 30 times since the Series A. We’ve only recently launched our motor fleet product and we’ve landed about 600 commercial customers. We now insure about one third of the U.K.’s independent Amazon fleets. We’ve also partnered with about 100 commercial insurance brokers in the U.K. and I believe that is one of the core reasons that we were able to raise a Series B,” Ed Leon Klinger, Flock CEO.