Akur8 raises $120 million
Insurance pricing and reserving platform Akur8 has secured $120 million in series C funding, bringing its total raised investment to $180 million. This latest funding round was led by One Peak, with participation from Partners Group, and Guidewire.
The new funding will significantly bolster Akur8’s ability to expand its product portfolio and fuel its growth in key global markets.
Founded in 2019, the Paris-based startup serves 250+ customers across 40+ countries, including AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine, and MS&AD. Over 3k actuaries use Akur8 daily to build their pricing models and reserving projections across all lines of business.
“We look forward to collaborating closely with our new investors One Peak and Partners Group, two leading investment firms that share our vision for innovation and excellence. With their support, we are committed to accelerating our product development efforts and staying ahead of industry trends to offer an unparalleled, integrated actuarial platform for insurers globally.” – Samuel Falmagne, CEO and Co-Founder of Akur8.
“This latest round of funding will empower us to better meet our customers’ evolving needs, enhance their operational efficiency, and equip them with innovative tools to thrive in an increasingly competitive insurance landscape. We are excited about the growth opportunities and advancements this investment will unlock for our continued success.” – Brune de Linares, Chief Client Officer and Co-Founder of Akur8.
“Akur8 offers a truly unique cloud-based end-to-end actuarial platform, which leverages proprietary machine learning algorithms to inject speed and accuracy to insurers’ pricing process, whilst ensuring full transparency, auditability and control over the models created. We have been particularly impressed by Akur8’s user-friendly interface, ease of deployment, and reputation among the world’s leading insurers for its outstanding customer service. We look forward to working closely with Akur8’s seasoned executive team as they chart the next chapter of the company’s global expansion, market leadership, and innovation journey.” – Humbert de Liedekerke Beaufort, Co-Founder and Managing Partner of One Peak.
“Akur8 has developed a differentiated, next-generation pricing platform that benefits from the increasing push for sophistication among insurers and from the growing adoption of new technologies. We are excited to support an ambitious management team committed to innovation and customer satisfaction as they embark on this next exciting phase of growth.” – Pierre Curis, Private Equity Technology, Partners Group.
