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InsurTech Europe: July 2023

KPI on the fundraising activity this month, for the European InsurTech scene

Overall, €128m were invested through 6 deals.

Top 3 deals:

The UK was the most active local scene, with 3 rounds closed for a total of €61m.


Tractable is an innovative startup that revolutionizes the assessment process for homes and cars by connecting all relevant stakeholders involved. With their cutting-edge technology, Tractable streamlines operations for businesses, making them more efficient and intelligent while minimizing friction and waste. By providing a seamless platform for collaboration, Tractable empowers businesses to work faster, smarter, and with greater accuracy in assessing damages to properties and vehicles.

At the heart of Tractable's success lies its powerful AI tool, which has garnered global recognition for its significant impact on businesses. Leveraging advanced artificial intelligence capabilities, Tractable enables businesses to make data-driven decisions and achieve better outcomes in property and vehicle assessments. From insurance claims processing to car and home inspections, Tractable's AI tool delivers unmatched efficiency, accuracy, and cost-effectiveness. With Tractable as the AI tool of choice, businesses gain a competitive edge and transform their assessment processes into a driver of success and growth.


Qover is an innovative startup that empowers businesses to ensure success by embedding insurance seamlessly into their offerings. By enriching their value proposition with insurance, businesses can provide added value and enhanced protection to their customers. Qover takes care of the orchestration, making the process smooth and effortless for businesses, allowing them to focus on their core operations while offering comprehensive insurance solutions to their clients.

With Qover, businesses can unlock new opportunities and revenue streams by integrating insurance seamlessly into their products and services. Whether it's travel, health, or other types of insurance, Qover enables businesses to expand their offerings and meet the evolving needs of their customers. As a result, businesses can establish stronger customer loyalty, enhance their brand reputation, and drive overall growth. With Qover's expertise in insurance orchestration, businesses can confidently embed insurance and set themselves up for long-term success.


Akur8 is a cutting-edge startup that offers a game-changing Transparent AI solution to boost insurance pricing. Leveraging the power of Machine Learning and predictive analytics, Akur8 revolutionizes insurers' pricing processes by introducing unprecedented speed and accuracy. With their advanced technology, insurers can now achieve more precise and data-driven pricing models, enabling them to make more informed decisions and optimize their pricing strategies effectively.

What sets Akur8 apart is its commitment to transparency, auditability, and control over the models created. This means that insurers can have full visibility into the factors influencing their pricing decisions and understand the reasoning behind the calculated rates. The result is a highly efficient and trustworthy pricing process that not only enhances profitability but also fosters customer trust. Akur8's innovative solution empowers insurers to stay ahead in the competitive insurance landscape and deliver better value and tailored pricing to their customers.

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