Quantexa secures additional $64.7 mn in Series C funding

By Megha Bhattacharya

London-based contextual decision intelligence software company Quantexa announced that it has closed a Series C round today, thus raising an additional $64.7 million. This brings the total funds raised to $90 million. The recent funding round was led by Evolution Equity Partners, with participation from pre-existing backers Dawn Capital, AlbionVC, and HSBC. New investors British Patient Capital and ABN AMRO Ventures also joined previous investor Accenture Ventures in this round.

Vishal Marria, CEO at Quantexa, commented, “We are thrilled that Evolution Equity Partners and British Patient Capital will be joining our team, alongside the strategic investment from ABN AMRO Ventures. Together with the continued trust and commitment from our existing investors, we will drive the next phase of Quantexa’s growth. We are seeing a huge demand for our platform to support multiple applications across our core markets in financial services and within new industry sectors. This investment will accelerate our product innovation roadmap and enable us to invest further into Europe, North America, and Asia Pacific regions, as well as expand into new locations.”

The company has stated that it will leverage the funds for driving its market expansion into new industries such as the public sector. Quantexa also aims to develop more platform applications across financial services and cross-sector capabilities and speed up its continued growth across North America, Europe, and Asia-Pacific regions. The company will also see Richard Seewald, Founding and Managing Partner at Evolution Equity Partners join Quantexa’s board of directors.

Richard Seewald added, “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.”