Augmentum Fintech Plc Unveils New Investment: London’s Insurtech Master

TLDR: Augmentum Fintech has made a £4m ($5.6m) investment in London-based insurtech Artificial Labs. The investment, part of a series A+ funding round, will enable Artificial Labs to accelerate its growth and expand its product range. Artificial Labs provides underwriting technology for the London Insurance Market and works with insurers and brokers to facilitate algorithmic placement of commercial and specialty risk. Augmentum Fintech, which focuses on investing in fintech companies, is the lead investor in the funding round, with participation from existing investors MS&AD Ventures and FOMCAP IV, among others.