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UK NEWS

Buzzmove raises £6 million super-seed funding

Nov 29, 2016
Leading UK-based online price comparison and booking platform Buzzmove has announced a £6 million super-seed funding round led by White Mountains Insurance Group Ltd.

A portion of the proceeds from the fundraise will support the continuing development of Buzzmove’s new platform to enable consumers to inventory their belongings digitally and to purchase home and household contents insurance.  

Moving is a critical juncture in consumers’ lives that often changes their relationships with key financial and home services providers and therefore Buzzmove is in touch with consumers when they are likely to modify or replace existing insurance policies. The company is using this access point to gather accurate home and household contents data and to empower consumers to obtain tailored coverage at the right price.  

Buzzmove enables consumers to inventory their belongings easily through an intuitive mobile app. The company also provides professional surveying software for moving companies in the form of a next-gen Software as a Service (SaaS) platform.  

Rick Huckstep, Managing Director of the Digital Insurer (Europe) online publication, in one of his recent articles, wrote, “By building a detailed personal inventory as your home is packed into boxes and moved, Buzzmove provides insurers and consumers with the information they need to better price contents insurance. And, should a claim be made, there’s evidence that your stuff existed in the first place.”   

CEO Rebecca Downing said, “Buzzmove is providing a new marketplace that enables customers to gather and then capitalise on accurate data about their home and household contents. Buzzmove aspires to be to home and household contents insurance, what telematics is to motor insurance, enabling truly personalized household contents-based insurance policies.”  

Buzzmove’s professional surveying software for moving companies was due to be released at The Movers and Storers Show earlier this month.  

Photo: Rebecca Downing

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