Concirrus secures £4.8m Series A investment from CommerzVentures
CommerzVentures has provided a £4.8m investment to support the specialty analytics insurtech.
Concirrus provides specialty analytics software for the insurance industry. The firm has developed a behavioural-based underwriting platform called Quest.
London-based insurtech firm Concirrus has secured £4.8m in a Series A investment from CommerzVentures. The capital will support the company as it continues to sign new customers and expand its market presence. The transaction follows a recent Series B funding round led by AlbionVC.
CommerzVentures has backed the business following previous participation from investors including IQ Capital and Eos Venture Partners. Royal Park Partners acted as exclusive financial advisors to Concirrus and its board during the process.
From the founder
"We are really excited to have CommerzVentures join the business. The last few months have been really busy for Concirrus as we’ve continued to sign new customers during what are clearly unprecedented times. This investment is a clear vote of confidence in our vision and the value that we’re bringing to the insurance market."
Andrew Yeoman
CEO at Concirrus
Investor perspective
"Our passion lies in helping fintech and insurtech companies to succeed. We believe Concirrus has the best solution to manage risk in the marine insurance industry. Ultimately, it will serve insurance carriers in a variety of supply chain industries. The team combines deep industry experience and technology expertise. We believe that Concirrus is on a very exciting growth journey and we’re very much looking forward to being part of it."
Heiko Schwender
Partner, CommerzVentures
