InsurTech Peppercorn has secured seven-figure seed funding from EHE Capital to support its entry into the UK private car insurance market.
Peppercorn is aiming to transform the car insurance market by combining tech, data and AI to create an automated self-serve platform that will cut out bureaucracy, streamline services and lower premiums for customers.聽
鈥淲hen we spoke to EHE Capital, they really bought into the vision of Peppercorn, but also understood the importance of people,鈥� said Nigel Lombard, CEO and founder.
鈥淚t felt like they were really aligned to my personal values and that was really important to me and the rest of the team.
鈥淚f we鈥檙e going to challenge the status quo, we鈥檙e going all in – we want to turn insurance on its head, attract the best people, keep breaking new ground and make the biggest impact we can.聽
鈥淲ith the support of EHE Capital, I鈥檓 confident we鈥檙e well on the way.鈥�
EHE Capital aims to connect entrepreneurs with relevant investors whilst also providing a range of free content and education modules which help prepare an entrepreneur for their investment journey.聽
Guy Remond, co-founder and lead investor at EHE Capital, added: 鈥淲hat really stood out for me when we were introduced to Peppercorn, was the quality and the strength of the team Nigel has built.
鈥淭hey鈥檙e massively experienced in both the insurance and startup world, and clearly have a great belief and respect in Nigel鈥檚 vision. As well as this they had a great product, supported by great tech.
鈥淲e connected Nigel with our investor network who were all equally as excited about Peppercorn as we were and I鈥檓 looking forward to seeing Peppercorn shake up the car insurance market.鈥�