Flock
Flock is a fully digital insurance company for commercial motor fleets.
Flock is on a mission to make the world quantifiably safer, by using real-time data to provide connected vehicle fleets (cars, vans, and trucks) with insurance that proactively enables and incentivises safer driving.
Brokers across the UK now distribute Flock’s connected fleet insurance products which are used by hundreds of companies to protect their drivers and vehicles.
Flock’s goal is to become the go-to insurer for connected and autonomous vehicles.
| Product | Technology EIS |
|---|---|
| Sector | Commercial Fleet Insurance |
| Aim of funding | Growth |
| HMRC Advanced Assurance received | Yes |
| Envisaged investor exit | 4-5 years |
| Targeted return | In excess of 4x capital invested |