Quantexa, a contextual intelligence software company, has bagged $64.7m in its Series C round, which will help it move into new markets.
Evolution Equity Partners served as the lead investor, with contributions also coming from previous Quantexa backers Dawn Capital, Accenture Ventures, AlbionVC and HSBC. British Patient Capital and ABN AMRO Ventures also joined the round, making their first investment into Quantexa.
Capital from the round will be used to accelerate its product innovation roadmap and further its growth across Europe, North America, Asia and more.
Quantexa is a is also looking to deploy its Contextual Decision Intelligence (CDI) technology into more sectors, such as the public sector.
The company offers an AI-powered solution which enables organisations to get more use out of their data. The technology uncovers risks and opportunities to better help firms with combatting financial crime, customer intelligence, credit risk, fraud and throughout the customer lifecycle.
As part of the deal, Evolution Equity Partners founding and managing partner Richard Seewald will join the Quantexa board of directors.
Seewald said, “Quantexa’s proprietary platform heralds a new generation of decision intelligence technology that uses a single contextual view of customers to profoundly improve operational decision making and overcome big data challenges.
“Its impressive rapid growth, renowned client base and potential to build further value across so many sectors make Quantexa a fantastic partner whose team I look forward to working with.”
The RegTech company closed its Series B round back in 2018 on $20m. Dawn Capital served as the lead investors, with other contributors including
In total, the company has raised a total of $90m in equity.
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