Congratulations to our London Bridge members Concirrus who have just closed a $20m Series B round.
The round was led by AlbionVC, with previous investors IQ Capital, EOS Venture Partners and several angel investors also taking part.
Concirrus are taking a fresh approach to solve challenges faced by marine and automotive insurance markets, through it’s behavioural-based underwriting platform called Quest. The platform interprets wide-ranging datasets, combining them with historical claims information to reveal the behaviours that correlate to claims.
CEO, Andrew Yeoman (pictured), told UKTN that they’ll be using the funding to “internationalise, broaden the strength of our product offering and diversify across multiple business lines.”
We wish them the best of luck! Read more about the funding round here.
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