Collective Benefits secures further £7.3M investment

From Prosus Ventures

John Brazier
clock • 1 min read

Independent employee benefits platform, Collective Benefits, has raised $10 million (£7.3m) in funding from technology investor Prosus Ventures.

London-based Collective Benefits, which launched last year, provides a dedicated employee benefits platform for workers within the ‘on-demand economy', including flexible insurance and benefits specifically for independent workers, from sick and injury pay to family and compassionate leave. The insurtech said that the latest round of funding, delivered by the venture investing arm of Prosus, will enable it to expand its suite of products and services for independent workers, as well as continue to expand its presence as the market leader across Europe and beyond. The investment follow...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Partner Insight: The Importance of Inclusive Health Benefits at Pivotal Moments

Partner Insight: The Importance of Inclusive Health Benefits at Pivotal Moments

A Conversation with Wendy Sherry, CEO, Global Health Benefits within International Health, Cigna Healthcare and Tammy Sun, Founder and CEO of Carrot Fertility.

Wendy Sherry, International Health and Tammy Sun, Carrot Fertility
clock 10 December 2024 • 7 min read
Lime Health to consult on NHS plan

Lime Health to consult on NHS plan

Collaboration with ministers

Cameron Roberts
clock 02 December 2024 • 2 min read
Standard Life sells employee benefits business

Standard Life sells employee benefits business

More than 140,000 employees join Benefex

Jaskeet Briah
clock 28 November 2024 • 1 min read