What is Akur8?
Akur8 is transforming the non-life insurance industry with its innovative suite of pricing and reserving solutions. Their Next Gen Pricing and Reserving Platform combines cutting-edge technology with actuarial excellence to drive business value, bringing speed, performance, transparency, and reliability to insurers of all sizes. By automating complex actuarial tasks, the platform enables insurers to optimize their pricing models, improve underwriting accuracy, and maintain a competitive edge in an increasingly data-driven market.
How much funding has Akur8 raised?
Akur8 has raised a total of $183.9M across 4 funding rounds:
Series A
$8.9M
Series B
$30M
Other Financing Round
$25M
Series C
$120M
Series A (2020): $8.9M with participation from BlackFin Capital Partners and MTech Capital
Series B (2021): $30M, investors not publicly disclosed
Other Financing Round (2023): $25M supported by Guidewire Software, FinTLV, and BlackFin Capital Partners
Series C (2024): $120M featuring One Peak Partners, Partners Group, and Guidewire Software
Key Investors in Akur8
One Peak Partners
One Peak is a growth equity firm investing in technology companies in the scale-up phase, providing capital to transform innovative businesses into category-defining leaders.
Partners Group
Partners Group is a global private market investment manager that provides institutional investors with tailored mandates and evergreen funds across various private market sectors.
Guidewire Software
Guidewire provides cloud-based software for property and casualty insurers, focusing on policy administration, claims, billing, and advanced analytics to modernize insurance operations.
What's next for Akur8?
With the infusion of this latest capital, Akur8 is well-positioned to accelerate its international expansion and further enhance its product suite. The company's strategic focus will likely center on scaling its enterprise-level operations and deepening its integration within the global insurance ecosystem. As the demand for transparent and high-performance actuarial tools grows, Akur8's ability to leverage its recent financing will be pivotal in maintaining its status as a category-defining leader in the insurtech space.
See full Akur8 company page
