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Connected car insurance startup Flock raises $17m Series A

London based car insurance platform raised $17m in Series A funding led by Social Capital.

“Transportation is changing faster than ever, but the traditional insurance industry can’t keep up! The proliferation of electric cars, new business models such as ridesharing, and the emergence of autonomous vehicles pose huge challenges that traditional insurers just aren’t equipped for," said Ed Leon Klinger, CEO.

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insuretech, chamath, car insurance