Peppercorn AI Holdings secures £1.8m in seed funding from EHE Capital to enter the private car insurance market.
EHE Capital led the seed round to support the launch of the insurtech firm's digital platform.
Peppercorn AI Holdings develops an automated self-service insurance platform powered by artificial intelligence to simplify the claims and purchasing process. The business is entering the UK private car insurance market with a digital approach.
Peppercorn AI Holdings has secured £1.8m in seed funding to support its entry into the UK private car insurance market. The investment was provided by EHE Capital and values the business at £5.1m post-money.
Founded by Nigel Lombard, the insurtech firm uses data and automation to build a self-serve platform complete with a digital assistant. The capital will enable the business to accelerate its launch and begin trading.
From the founder
"At Peppercorn, we’re looking to transform and improve the customerexperience. We’ve pulled together a great team, utilised groundbreaking technology, and developed a unique proposition. We wanted to take that to launch with the support of a forward-thinking, technology-focused investor who would amplify our vision and help us start generating revenue quickly. From our very first conversation we knew we’d found that in EHE Capital."
Nigel Lombard
CEO at Peppercorn AI Holdings
Investor perspective
"At EHE, we look forextraordinary entrepreneurs to help and support extraordinary growth. So, when we met Nigeland his team and learnt what they’re doing, we immediately got very excited."
Guy Remond
Founder, EHE Capital
Investors
Categories
About the company
Peppercorn AI Holdings
Peppercorn AI Holdings builds an automated insurance platform driven by artificial intelligence.