Motor insurtech Caura raises $4.2m and strikes deal with Jaguar Land Rover

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App-based insurtech Caura has revealed that its motor insurance conversion rate from quote to purchase is two times the market average having raised $4.2m (£3.03m) to expand its offering, including a new B2B offering for car manufacturers starting with Jaguar Land Rover. 

The funding round was led by Twin Focus Capital Partners, with participation from In Motion Ventures (the start-up investment arm of Jaguar Land Rover), Road Ventures, Pareto Holdings and Quiet

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