Artificial Labs raises $45 million Series B led by CommerzVentures
London-based insurtech Artificial Labs has raised $45 million in a Series B led by CommerzVentures. The company plans to scale operations, expand in the U.S. and build on its position in the London insurance market.
TLDR
Artificial Labs, a London-based provider of digital broking and underwriting technology for the insurance industry, has raised $45 million in a Series B round led by CommerzVentures. The company said the funding will help it scale operations, expand its presence in the U.S. and strengthen its footprint in the London insurance market. Additional investors included Move Capital Fund I, Augmentum Fintech, 6 Degrees Capital, FOM and TrueSight Ventures. Artificial Labs says its platform helps brokers and carriers manage insurance workflows and integrate with existing systems.
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