Akur8 raises $30M in a Series B round to help the company expand internationally
At a Glance
In a Series B investment round, Aur8, a SaaS insurtech platform, has secured $30 million. The entire amount of money raised now stands at $42 million. Actuaries and pricing teams use Akur8 to make faster insurance pricing decisions.
Akur8, a SaaS insurtech platform, has raised $30 million in a Series B funding round led by an undisclosed investor. This makes the total amount of money raised to $42 million.
Akur8, an insurtech platform that automates insurance, has a product called “Transparent AI.” Actuaries and pricing teams utilize Akur8 to make faster insurance pricing choices.
We are happy to announce the closing of our Series B funding round and are grateful for the support we have seen from our investors.Samuel Falmagne, co-founder and CEO
He added that this latest achievement would allow them to accelerate the transformation of insurance pricing even further, fuel their international expansion in the United States and Asia-Pacific, and provide P&C and health carriers with a cutting-edge, integrated pricing solution that they have been tirelessly developing and refining.
We are humbled by the trust that our clients and investors have placed in Akur8. Building the future of insurance pricing powered by Transparent AI has been our goal since the first day of R&D. Now, this vision has become reality, and we can’t wait to accelerate our growth to become the global reference in insurance pricing.Guillaume Beraud-Sudreau, co-founder and chief actuary at Akur8
The BlackFin team is thrilled to see Akur8 continue to spread its wings and deploy its next-generation pricing platform across insurance carriers worldwide. We have built a great relationship with the Akur8 management team, and it’s a pleasure to welcome new investors and continue this journey with them.Julien Creuzé, a partner at BlackFin Capital Partners
BlackFin Capital Partners co-led Akur8’s Series A with MTech capital round more than a year ago.
AXA, Generali, and Munich Re are among the customers of Akur8, as are specialty insurers Canopius and Tokio Marine Kiln, insurtechs Wakam and wefox, and mutualistic player Matmut.