16th Feb 2022

Qumata announces a $23 million extension of its Series A funding

We're excited to be backing Luca, Etienne, and the Qumata team again to support their global ambition.

Qumata is on a mission to transform insurance underwriting, providing a faster way to access individual health forecasts without losing the accuracy of traditional questionnaires or medical exams. This latest funding is a testament to Qumata’s progress to date and an endorsement of its plans for global expansion.

“The range of existing and new investors is a fantastic endorsement of both our strategy and the global applicability of the solutions we provide to solve a need in the market. This extended funding will give us the ability to focus upon growth in both Asia and in the U.K. We have been expanding the team to support this and signing new partnerships in the region, such as the recently announced involvement with AIA Group, Asia’s largest pan-Asian Life Insurer.” Luca Schnettler, Co-founder, and CEO of Qumata

This additional funding follows Qumata's recent partnership with AIA Group to provide services across Asia.

“Having worked with the team at Qumata over the past year, we have been hugely impressed with their ability to attract experienced insurance veterans into the business while securing a roster of notable clients in competitive markets. We have confidence in their ability to build a highly scalable business as they move into new geographies and we look forward to supporting Luca, Etienne, and the team in their global ambition to accelerate the digital transformation of the life and health insurance industry.” Oliver Richards, Partner at MMC Ventures

Read more on the story via UK Tech Investment News.

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