Paris-based Qantev, an advanced AI-powered platform for health and life insurance, has raised €30M in a fresh round of funding. Blossom Capital led the round, which included existing investors Elaia, Omnes, and Raise Venture.
Ophelia Brown, Founder at Blossom Capital, says, “Qantev’s laser focus on the soaring health and life insurance market, combined with its deep expertise in AI, insurance, and data analytics makes it best placed to solve the very real, and rising problems being seen across the healthcare industry.”
“Insurers are crying out for technology that can both address the challenges they face and scale in line with their own ambitions. This is exactly what Qantev provides.”
An automated end-to-end claims platform with AI
Founded in 2019 by former AXA data scientist Tarik Dadi and ex-quantitative analyst Hadrien De March, Qantev provides AI-driven software designed to enhance efficiency in the insurance industry, which faces rising costs, chronic diseases, and ageing populations.
With global medical costs expected to rise by 9.9 per cent this year and 58 per cent of insurers concerned about further increases by 2027, demand for health insurance is surging due to COVID backlogs and reduced public healthcare funding.
Qantev’s AI-powered solutions help insurers like AXA, Generali, and FWD by automating claims processing, reducing the time from days to minutes. The platform analyses historical claims data to understand patient behaviours in different markets, enabling faster and more accurate decision-making.
This allows healthcare professionals to focus on patient care rather than administrative tasks, while inefficiencies are identified and resolved.
Qantev’s technology can cut operational costs by up to €8M annually and helps insurers manage growing claim volumes without compromising quality or affordability.
In this way, Qantev embeds AI-driven software into insurance operations, replicating medical expertise to streamline health claims assessments.
Currently, Qantev supports claims processes in 12 countries, including the US, Mexico, and across Asia. With teams in Paris, Hong Kong, and the UK, the company has more than doubled its workforce in the past year. Its latest funding round brings total investment to over €40M.
Capital utilisation
Qantev plans to use the funds to focus on three strategic areas. First, it will enhance its platform by accelerating research and development to integrate advanced AI modules that optimise claims processing and decision-making, helping insurers reduce costs and improve patient outcomes.
Second, Qantev aims to recruit top AI and engineering talent globally to support its technological ambitions. Third, the company will expand internationally, with a focus on North America and Asia, to access new markets and adapt its offerings to regional insurance needs.
Tarik Dadi, CEO and co-founder of Qantev says, “A perfect storm of increased costs, post-COVID backlogs, chronic diseases, an ageing population, and increased demand means healthcare insurers can no longer keep up with paperwork.”
“The growth we have seen at Qantev over the past 12 months is not only a testament to the work our team has done in solving these challenges but also the need for a solution like ours. As an operator in the global health insurance sector, I witnessed and experienced the pain points our customers are feeling and we’re using decades of experience to make claims more efficient, accurate and beneficial for all.”
“With Blossom Capital joining our already esteemed cap table of investors, we’re excited to continue expanding our global footprint and keep innovating,” adds Dadi.
Brief about the lead investor
Blossom Capital is Europe’s largest dedicated Series A fund and is known for its high-conviction strategy and support for visionary founders.
With a focus on sectors like consumer internet, cybersecurity, SaaS, and marketplaces, Blossom combines local expertise with global networks to give founders a competitive edge. The firm’s portfolio includes investments in Checkout.com, MoonPay, Pigment, and Tines.
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