Collective Benefits, a London, UK-based insurance and benefits marketplace for independent workers, raised US $10m in funding. Prosus Ventures, the venture investing arm of Prosus, made the investment.
Anthony Beilin, Chief Executive and Co-Founder said: “This investment is a clear testament: for the platform economy, worker wellbeing is now a top priority.”
Collective Benefits offers insurance and benefits for independent workers across sectors to employers. This includes sick pay, accident and injury insurance, wellness, financial and education support, as well as a perks marketplace.
The company intends to use the funds 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.