QuanTemplate Technologies, the UK-based developer of an insurance analytics platform, has raised £5.2m ($8m) from investors including Allianz Digital Corporate Ventures, a subsidiary of insurer Allianz.
The round was led by Route 66 Ventures and featured financial services investment firm Anthemis and Transamerica Ventures, which forms part of insurance and financial services provider Aegon Group.
Founded in 2011, QuanTemplate has built an analytics platform for use in the insurance and reinsurance industries. It plans to use the funding to expand across the world, with Europe, the US and Bermuda particular focuses.
The company previously raised about $2m from backers including Techstars and Burlington Capital before Anthemis invested an undisclosed sum in September 2014.