Ancep raises $8.5 million

London-based insurance startup Ancep has raised $8.5 million in a funding round led by Creandum, with participation from Kleiner Perkins, Vicus Ventures, and angel investors including Christa Davies, former CFO of Aon, and operators from OpenAI, Anthropic and Google DeepMind.

Founded in 2026, Ancept builds AI agents that support commercial insurance brokers across the placement process, from prospecting and submission preparation through to renewal. The AI agents can process client submissions, prepare brokerage documents and contact insurers to obtain terms through email, online portals or APIs. The technology operates within brokers’ existing systems, including policy administration platforms, electronic trading portals and customer relationship management tools.

The company’s AI agents are being used by insurance brokers in Austria, the UK and the US.

“Commercial insurance is a large market where too much business still goes unserved because the economics don’t work. ancep is using AI to change that equation while keeping brokers at the center. We’re excited to support Gagan, Jake, and the ancep team as they expand what brokers can profitably serve.” – Mamoon Hamid, Partner at Kleiner Perkins.