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FinTech Series A Founded 2018

ThingCo

ThingCo provides an AI & cloud-driven telematics solution. It provides B2B & B2C products & services to address the weaknesses in the current market using a deep understanding of insurance & telematics, real-time risk mitigation & more. Founded in 2018, headquartered in London, United Kingdom. The company has raised $6.7M in funding at the series a stage. The team comprises 23 (Jun 30, 2026) employees. Backed by…

📍 London, United Kingdom · Insurance IT,

Funding snapshot

Last roundSeries A
Amount$3M
Date31 July 2025
Total raised$7M
Valuation29,346,049 (Dec 31, 2020)
Team size23

About

ThingCo provides an AI & cloud-driven telematics solution. It provides B2B & B2C products & services to address the weaknesses in the current market using a deep understanding of insurance & telematics, real-time risk mitigation & more. Founded in 2018, headquartered in London, United Kingdom. The company has raised $6.7M in funding at the series a stage. The team comprises 23 (Jun 30, 2026) employees. Backed by investors including BGL Group, Insurtech Hub, InsurTech NY, Bhl Uk Holdings Ltd. ThingCo operates in the Insurance IT, IoT Applications, Road Transport Tech, Travel and Hospitali sectors. The company focuses on Auto, Vehicle Telematics, Consu. Additional backers include Aioi Nissay Dowa Insurance, Prospero Capital Limited. The company has a team of 23 employees.

Business model

Insurance IT > Data and Monitoring Solutions > Usage-based > Property & Casualty > Auto,

Road Transport Tech > Driver Assistance > Vehicle Telematics,

Connected Vehicles > Vehicle Telematics > Consumer Telematics > Driving Behavior Monitoring

Team background

College Wise > Warwick Business School

Institutional investors

BGL Group Insurtech Hub InsurTech NY Bhl Uk Holdings Ltd Aioi Nissay Dowa Insurance Prospero Capital Limited Barrie Wells Jonathon Wayne Valentine Alexander Michael Brockman Megan Danielle Brockman

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