Coffee Chat with Alun Lucas, Driverly Investor

Alun Lucas, one of Driverly's new investors, explains what made him put his trust in Driverly and why he believes it to be a smart investment decision. 

Hi Alun! Tell us a little about yourself. 

I'm a marketer at heart having spent the first 12 years of my career in the advertising / media industry. I then felt I needed more exposure to broader business challenges so I decided to do a full time MBA. Since then I've been able to leverage that into a new career that started in venture capital and moved into start-ups / scale-ups. 

You are one of Driverly’s new angel investors. Why did you decide to invest in Driverly? 

As an investor I would always look at the 3 'T's - Team, Technology & Traction. I'm very familiar with Armin and his capabilities so was confident in the team he is building. They also had some impressive POC's to demonstrate traction. I'm less familiar with the technology in this space but the presence of "smart money" co-investors and some additional due diligence of my own convinced me that it was a bet worth taking. 

You did your MBA at the same business school as Armin Kia, Driverly co-founder and CEO.  How did that background help? 

MBS has developed a strength in teaching venture capital and entrepeneurship. Both Armin and I were heavily involved in learning that space which has driven us into more risk-oriented fields such as start-ups. 

Any thoughts on the future of Driverly in the Insurtech space? 

I think that Driverly needs to leverage the headstart it has in this particular niche and demonstrate that it can add value to larger insurance players. It will then reach the point where, depending on what the market looks like, it can decide to be acquired or to develop into a larger company with steadier revenues (but a whole new set of challenges).