In the News
Fintech Wales
Welsh FinTech in Foucs: Driverly Raises Oversubscribed Funding Round and Shifts to B2B Strategy
Driverly has successfully closed its latest funding round, with significant investor support leading to an oversubscription of 60%. The investment was spearheaded by the Development Bank of Wales, alongside prominent angel investors, including Simon Bell, and the Angel Co-Fund.
02/04/25
Alliance Manchester Business School
Meet the Alliance MBS Full-time MBA alum transforming car insurance with AI
Armin Kia was part of our Full-time MBA class of 2014. Now, he's co-founder and CEO of Driverly - an insurtech using AI-powered intelligence to revolutionise the car insurance customer journey.
25/03/25
Angel News
Angels join Development Bank in Driverly fundraising round
A technology business which provides adaptable app solutions to major car insurance companies has completed a six-figure round, supported by the Development Bank of Wales, Angels Invest Wales and high-profile Welsh investors.
21/02/25
Fintech wales
Welsh Fintech Driverly Secures Six-Figure Investment from Angels and Development Bank
A Welsh technology business providing adaptable app solutions to major car insurers has secured a six-figure investment round, backed by the Development Bank of Wales, Angels Invest Wales, and a syndicate of high-profile investors.
19/02/25
Insider media
Cardiff car insurance tech business completes fundraising round - will use investment to grow its customer base
A Cardiff-based car insurance tech business has completed a six-figure round, supported by the Development Bank of Wales, Angels Invest Wales and high-profile Welsh investors. Dealmaking advisory group GS Verde Group advised on the deal.
18/02/25
UK Tech News
Driverly secures £650k Seed Investment led by Development Bank of Wales and Angels Invest Wales
Driverly, an AI-powered geo-intelligence services provider for car insurance, has raised approximately £650,000 in an oversubscribed seed funding round. This investment brings Driverly’s total funding to more than £1.2 million.
18/02/25
Business news wales
Angels Join Development Bank in Fundraising Round for Car Insurance Tech Firm
A technology business which provides adaptable app solutions to major car insurance companies has completed a six-figure round, supported by the Development Bank of Wales, Angels Invest Wales and high-profile Welsh investors.
18/02/25
Wales 247
Driverly Secures Six-Figure Investment to Expand Insurance Tech Solutions
A technology business which provides adaptable app solutions to major car insurance companies has completed a six-figure round, supported by the Development Bank of Wales, Angels Invest Wales and high-profile Welsh investors.
18/02/25
Development Bank of Wales
Angels join Development Bank in fundraising round for car insurance tech business Driverly
A technology business which provides adaptable app solutions to major car insurance companies has completed a six-figure round, supported by the Development Bank of Wales, Angels Invest Wales and high-profile Welsh investors.
17/02/25
The Managing General Agents' Association (MGAA)
Driverly’s unique Road Risk Map helps to identify the 5 most dangerous sections on Britain’s roads
As part of its unique AI driven telematics data profiling and risk analysis, Driverly has identified the top 5 most dangerous road sections in Britain based on accident data, traffic volumes and driver behaviour.
22/05/23