Elaia is an independent venture capital firm, focused on the digital economy and deep tech. With over €700m under management, Elaia invests in high-potential disruptive startups from the first financing rounds to the emergence of global leaders. With more than 75 years of cumulated experience in both venture capital and digital industries, the investment team offers close, proactive, and relevant support to its entrepreneurs. Elaia was founded in 2002 by Philippe Gire and Xavier Lazarus and is based in Paris, Ile-de-France, France.

Elaia

Entrepreneur First is the place where the ambitious come together to build globally important technology companies. Through our platform running in 6 cities across 3 continents, we invest in high-potential individuals to help them meet their co-founder, develop their ideas and secure funding from leading investors in the shortest possible time.   We have built over 300 companies from scratch; have over 5000 alumni worldwide; and our portfolio is valued at over $5bn. EF companies include Tractable (Computer Vision, currently valued at $1bn as of June 2021), Magic Pony Technology (AI, acquired by Twitter for a reported $150m), Represent (social commerce, acquired by CustomInk), BloomsburyAI (acquired by Facebook), Cleo (fintech), OpenCosmos (space), CloudNC (manufacturing), Transcelestial (satellite communications) and many more. We're backed by some of the world's best tech founders and investors, including Reid Hoffman (LinkedIn), Greylock Partners, Founders Fund, Demis Hassabis (Google Deepmind) and Taavet Hinrikus (Wise). For more information about Entrepreneur First, visit www.joinef.com.

Entrepreneur First

Omnes VC is the Venture Capital arm of Omnes Capital, a leading private equity firm dedicated to energy transition and innovation with €4.8 billion in assets under management and a 20 year + experience in: venture capital, buyout & growth capital, private debt, renewable energy, co-investment, secondary funds of funds. Omnes Capital is fully independent. With 65 business sales including 14 IPOs carried out in 16 years, Omnes VC is one of the key players in France in financing innovative SMEs with expertise in both Technology and Healthcare sectors. Omnes VC has supported 120 companies and has invested more than €500M in businesses such as Scality, Novaled, BioVex, arGEN-X, Pixium, Blablacar.

Omnes Capital

Raise Ventures is a Venture Capital structure dedicated to innovative startups in France and Europe.

Raise Ventures

Blossom Capital is a Series A venture capital firm that invests in European founders building global businesses. The firm has been investors and operators in unicorns across the US and Europe. It was founded in 2018 and headquartered in London, England.

Blossom Capital

Qantev

AI claims platform for health & life insurance

Founded in 2019, Qantev is an AI-powered platform for health and life insurance claims management. The company offers a suite of solutions designed to automate and optimize claims processing, reduce costs, and improve services for insurers. Qantev's platform includes modules for claims management, fraud detection, optical character recognition (OCR) for document processing, and provider network management.

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InsurTech: Infrastructure

Health Insurtech Startup Qantev Raises €30M to Expand AI Technology

Qantev is a technology company that develops artificial intelligence solutions for the health and life insurance industry. The company's core offering is a smart claims platform that leverages AI and machine learning to improve health insurers' operations. Qantev's technology aims to tackle claims leakage, which is estimated to account for over 15% of all reimbursements, by enhancing data management and streamlining health claims processing.
The platform employs advanced medical document OCR, medical language processing, and predictive capabilities to clean, enrich, and standardize insurers' data. This data foundation enables Qantev's intelligence modules to provide insights and optimization for claims management. The system helps doctors, nurses, and operators within insurance companies make faster and more informed decisions by focusing on key aspects of each claim. It also allows for controlled automation of certain processes.
Qantev's solution addresses challenges faced by health insurers globally, including increased utilization due to aging populations, sedentary lifestyles, and rising medical costs. The company's AI algorithms aim to improve the quality of insurers' data, optimize healthcare networks, and help identify instances of waste, abuse, or fraud. By automating and enhancing claims processing, Qantev enables insurers to potentially save 5% to 10% of their claims costs.

Founded in 2019, Qantev is an AI-powered platform for health and life insurance claims management. The company offers a suite of solutions designed to automate and optimize claims processing, reduce costs, and improve services for insurers. Qantev's platform includes modules for claims management, fraud detection, optical character recognition (OCR) for document processing, and provider network management.Qantev's claims processing and automation system uses AI to streamline the entire claims lifecycle. The platform employs machine learning algorithms to analyze historical claims data, understand patient journeys, and make faster, more accurate decisions. It automates various aspects of claims handling, including data acquisition, policy and coverage checks, and medical coding consistency checks. The system can reduce processing times from days to minutes, potentially saving insurers up to EUR 8 million annually in operational costs. Qantev's solution integrates with insurers' existing systems through a modular, API-driven architecture, typically taking four to six months to deploy.&nbsp;

<div>
 
 AgentSync powers growth for insurance carriers, agencies, MGAs, and producers by offering modern tools for producer and compliance management. With a customer-centric design, seamless APIs, and automation, AgentSync's products reduce friction, increase efficiency, and maintain compliance, ultimately helping to improve the broker onboarding, contracting, licensing, appointing, and compliance processes.
 
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AgentSync

Artificial is an insurance software business offering an algorithmic underwriting, data extraction and machine learning platform to commercial insurers, empowering them to write better risks, faster. We provide solutions to partners across the London and global markets, including Convex, Chaucer and more. Our platform specialises in instantly and accurately capturing data at the point of entry for use in downstream applications. We enable clients to augment this data through effortless integrations and use it to write risks algorithmically, build contracts and plug into other systems. Behind the platform is decades' worth of experience in engineering, insurance and analysis. We do more than just provide software; we work with you every step of the journey to make sure our technology drives growth, improves efficiency and reduces costs across your business.

Artificial Labs

Bambi Dynamic, based in Israel, is a SaaS insurance platform that provides vehicle insurance solutions for car OEMs, mobility providers, insurers, and the mobility ecosystem. As a white-label, cloud-based integrated platform, Bambi Dynamic provides an end-to-end solution that includes onboarding, underwriting, user identification, pricing, policy operations, and loss notice. The platform creates insurance products by measuring usage, events, and behavior, using data collected from various sources including smartphones, connected cars, and smart sensors. Bambi Dynamic’s products include personal auto, personal connected auto, fleet insurance, shared and micro-mobility, MaaS for mobility app providers, and autonomous vehicle insurance.

Bambi Dynamic

CLARA Analytics offers an AI-powered insurance claims platform, aimed at improving claims outcomes. Its core claims platform is called CLARAty.ai, which includes generative and predictive AI models developed specifically for casualty claims. Its platform includes several products: 1) Claims Document Intelligent Pro, 2) Triage, 3) Treatment, 4) Litigation, 5) Clara Fraud, and 6) Clara MSP Compliance.&nbsp;&nbsp;<a href="https://sp-edge.com/updates/32243">Claims Document Intelligent Pro</a> is an AI-powered tool that automates the review of claims documents, including legal demands and medical records. It can analyze thousands of pages in seconds, identify key information, and detect treatment patterns to assess risks, improving efficiency and reducing costs.CLARA Triage is an AI tool for claims professionals that predicts claim severity, identifies high-risk claims, and issues real-time alerts to help adjusters act proactively. It improves productivity, reduces costs, and enables faster resolution of simple claims.CLARA Treatment is an AI tool that scores healthcare providers to identify the best options for resolving workers' compensation cases quickly and effectively. It improves claim resolution times, enhances patient outcomes, and reduces costs by matching injured workers with the right providers.CLARA Litigation is an AI tool that analyzes attorney performance and provides insights to reduce the cost and impact of litigated claims. It offers strategic recommendations for case management and helps optimize attorney selection to support decision-making.<a href="https://sp-edge.com/updates/30120">CLARA Fraud</a> is an AI tool that analyzes large workers' compensation datasets to detect suspicious patterns and clusters of potentially fraudulent activity. It increases visibility into suspicious claims, supports SIU referrals, and reduces losses from undetected fraud.CLARA MSP Compliance is an AI tool that automates Medicare Secondary Payer (MSP) compliance by identifying Medicare beneficiaries, determining the need for Medicare Set-Asides, and assisting with mandatory reporting. It reduces compliance risks, improves accuracy, and saves costs in handling Medicare-related claims.In 2023, the company launched CLARAty.ai, a casualty claims intelligence platform using predictive and generative AI to support claims professionals. It provides insights, recommended actions, and advanced claim summaries to guide next steps, enhancing traditional systems and workflows.Key customers and partnershipsIts notable customers include Berkshire Hathaway Homestate Companies, AmTrust, Amerisure, and QBE.&nbsp;Moreover, the company was selected by Amazon in August 2024, as its technology partner to improve health and claim outcomes for its corporate workers' compensation claims.

CLARA Analytics

Coterie Insurance is an InsuranceTech company that applies an API-based approach and modern technology to commercial insurance. It looks to integrate insurance with platforms and processes that businesses, contractors, and gig workers use every day. The company also streamlines the insurance process for its clients. Its core focus remains on small business insurance. Products that it offers include business owners policy, general liability insurance, and professional liability insurance. Coterie Insurance is privately held and a licensed insurance producer in all 50 US states.

Coterie Insurance

Providers of general, yet comprehensive, end-to-end solutions for insurance companies, covering various aspects of their operations. This includes core systems for policy administration, underwriting, claims processing, billing, and customer relationship management

Specialized platforms that offer lead generation and management services and tools for insurance providers. Tools can include telemarketing, internet, and social media lead generation, referrals, and lead analytics

Underwriting platforms that evaluate risks related to life insurance, health insurance, and related products such as disability and critical illness coverage. They may utilize medical underwriting criteria, genetic information, lifestyle factors, and demographic data to assess applicants' insurability

Platforms that specialize in assessing risks associated with property and casualty insurance, including home, auto, commercial property, and liability coverage. They may incorporate data sources such as property valuations, historical claims data, telematics, and weather patterns to evaluate risk factors accurately

Specialized platforms that streamline and automate claims processing workflows, from initial claim submission to settlement. They may offer software for claims intake, adjudication, fraud detection, and communication with policyholders and third-party service providers

Policy administration systems that focus on managing policy lifecycle activities, including policy issuance, endorsements, renewals, and cancellations. They provide insurers with tools to configure and manage policy rules, coverage options, and premium calculations. Platforms can also have additional functions for commission and performance tracking

Reinsurance technology providers offer a range of innovative tools and services to support reinsurers in managing their operations, assessing risks, and optimizing their reinsurance strategies. These solutions may include advanced analytics, catastrophe modeling, risk assessment tools, portfolio management systems, and underwriting platforms specifically designed for the reinsurance industry

<div>
 
 Qantev, a company that runs an AI-powered health insurance claims platform, has succeeded in raising EUR 30 million (~USD 32 million) in a Series A funding round. Blossom Capital was the chief investor in this round. Other investors such as Elaia, Omnes, and RAISE Venture also took part in this financing round. This investment has brought the total amount of money raised by Qantev to over EUR 40 million (~USD 43.8 million).
 Qantev intends to use this capital in augmenting its platform with more advanced AI modules. Additionally, the company plans on using the funds to attract AI and engineering talent from around the globe. Also, the funding will help the company increase its presence in prime international markets, North America, and Asia, in specific.
 Established in 2019, Qantev is a France-based company that offers AI-powered insurance claim solutions for the health and life insurance sector. The solution offered by the company aims at simplifying the management of insurance claims, reducing its costs, and enhancing the services offered by insurance providers. Furthermore, Qantev uses historical claims data and machine learning in its software to assess patient journeys and thus assist insurers in making decisions that are both faster and more accurate.
 
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Qantev

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