London-based insurtech Flock has raised $38m (£31m) in series B funding via an investment round led by Octopus Ventures. Joining Octopus Ventures in the funding round are CommerzVentures and existing institutional investors including Social Capital, Dig Ventures , Anthemis Group and Foresight Ventures.This funding round will allow the digital fleet insurtech to expand into new segments of the commercial motor industry and new geographies, according to chief executive Ed Leon Klinger.Malcolm Ferguson, partner at Octopus Ventures, said: “Flock has a vision that can make the world safer not just for today’s vehicles but for the connected and autonomous vehicles of tomorrow.
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