London-Based Insurtech Bondaval Picks $7M Seed Round Led By Octopus Ventures
10/19/21, 10:37 AM
Money raised
$7 million
Round Type
seed
BondAval, the insurtech startup offering a new form of payment security, has recently announced that it has secured a $7 million seed round led by UK-based venture fund Octopus Ventures.
Company Info
Additional Info
The company, which has offices in London and Austin, also received co-investment from US-based fund Expa, along with support from existing investors Insurtech Gateway and TrueSight Ventures and several high-profile entrepreneurs, including Tom Blomfield (Monzo and GoCardless), Charlie Delingpole (ComplyAdvantage) and Matt Clifford (Entrepreneur First). Co-founder Tom Powell’s, career prior to founding BondAval was non-traditional. BondAval is currently live in both the UK and the US, with North American operations being led by Charlie Evans, formerly of venture capital firm, Hedosophia.