Mea Platform raises $50 million

Insurance technology company Mea Platform announced a $50 million minority growth equity investment from SEP. The investment will enable Mea to accelerate product development and customer engagement as the company continues its expansion across all (re)insurance operations.

The company offers insurance-specific AI products to automate end-to-end operations for carriers, brokers, and MGAs. Customers and partners include AXIS, CNA, The Hartford, Markel, SCOR, Ardonagh, Lloyd’s of London, PPL, Accenture, DXC, ServiceNow, Velonetic, and Verisk, amongst others.

“SEP brings deep experience in scaling enterprise technology businesses, and we are excited to partner with them as we grow mea with the same discipline and focus that has brought us to this point. We saw significant inbound interest from potential investors and chose SEP for their long-term perspective, collaborative style, and the strategic support they will provide as we enter our next phase of growth. Our opportunity to improve client combined ratios and margin is built on years of developing and deploying insurance-specific AI at global scale. As the industry moves from AI experimentation to production, customers increasingly recognize the value of domain-specific technology that delivers results immediately.” – Martin Henley, Founder and CEO of Mea.

“mea is an excellent fit with our strategy of backing IP-rich technology companies that solve complex problems for the world’s largest organizations. mea has built a highly differentiated, production-grade platform with clear return on investment for global insurance groups. Strong customer adoption, growth, and capital efficiency reflect both the quality of the technology and the team’s deep insurance expertise. In a dynamic market, mea stands out for what is live, proven, and scaled today. We are excited to partner with Martin and the mea team as they continue to scale the business.” – Angus Conroy, Managing Partner of SEP.