Qantev Raises €30 Million in Funding
Qantev, a Paris, France-based AI-powered platform specializing in health and life insurance, has raised €30 million in funding, bringing its total raised to €40 million.
The round was led by Blossom Capital, alongside existing backers Elaia, Omnes, and Raise Venture.
Founded in 2017, Blossom Capital is a venture capital firm based in London, United Kingdom. The firm prefers to invest in early-stage, seed-stage, and later-stage companies across sectors such as healthcare, technology, e-commerce, social media, marketing, and information technology in the United States and Europe.
The company plans to use the funds to enhance its platform, recruit top AI and engineering talent globally, and expand internationally, focusing on North America and Asia.
Founded in 2019 by Tarik Dadi and Hadrien De March, Qantev provides AI-driven software designed to enhance efficiency in the insurance industry. Its AI-powered solutions help insurers like AXA, Generali, and FWD by automating claims processing. The platform analyzes historical claims data to understand patient behaviors in different markets. Currently, Qantev's platform supports claims processes in 12 countries, including the US, Mexico, and across Asia.
Funding Details
Company: Qantev SAS
Raised: €30.0M
Round: Unknown
Funding Date: October 2024
Lead Investor: Blossom Capital
Additional Investors: Elaia, Omnes, Raise Venture
Company Website: https://www.qantev.com/
Software Category: Claims Management