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Startups 100: the place are they now? City Jungle

Startups 100: the place are they now? City Jungle 

That’s one in all many causes the startup – whose tagline is ‘lastly, truthful insurance coverage’ – just lately celebrated reaching the milestone of serving to 100,000 prospects get higher house insurance coverage.

“Together with clear pricing, we use know-how to make our merchandise extra reasonably priced, whereas decreasing working prices and preventing fraud,” Jimmy says proudly.

“Regardless of all of this progress, we’ve stored up our 4.8 out of 5 ranking on Trustpilot.”

Home speciality

Since we introduced the winners of the Startups 100 index final 12 months, the property market has blown up like a ton of bricks.

ONS knowledge exhibits that in October 2021, the typical home within the UK price £268,349. Now, in June 2022, it prices £368,814 – a 37% enhance.

The resultant shockwaves for potential patrons has created big demand for rented lodging – one thing that City Jungle has fed proper into.

“Among the new product launches we did final 12 months have actually taken off,” Jimmy tells Startups. “New product strains have greater than tripled within the months since we featured within the Startups 100.”

The corporate is at present 50-strong. Nevertheless, Jimmy is eager to inform us in regards to the variety of new crew members the enterprise has on boarded – not simply its many new prospects.

“Being featured within the Startups 100 was actually thrilling for us to get our identify on the market as an awesome employer that’s disrupting an outdated business,” he says.

“As we’re rising so quick it’s vital for us to maintain including brilliant new individuals to our crew, and campaigns just like the Startups 100 assist present who we’re to potential candidates.”

Bringing house the bacon

Considered one of City Jungle’s most spectacular feats has definitely been its latest Collection A funding spherical.

Having doubled his firm’s funding by elevating £16.5 million earlier this 12 months, we ask Jimmy: what recommendation do you’ve gotten for different startups trying to appeal to exterior funding?

“I’d at all times suggest to any startups elevating cash that it’s vital to run a correct course of,” he solutions.

“You want to recognise that because the CEO you’re not going to have the ability to do a lot within the enterprise while you might be elevating funds. [Make] positive the enterprise is ready up with a transparent technique and accountability to function with minimal involvement from you.”

Jimmy tells us that deliberate actions are crucial strategy to safe funding in your startup.

“Get organised, get supplies sorted, prioritise funds you want, and refine your pitch with pleasant traders and different founders,” he advises.

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