Akur8 in a €8M funding round backed by BlackFin Capital Partners and MTech Capital.

Akur8, a Paris, France-based SAAS developer for the insurance industry, announced that it completed a €8 million ($8.9M) a Series A financing round.

The money was raised from investors including BlackFin Capital Partners and MTech Capital.

Akur8, founded in 2018 by Guillaume Beraud-Sudreau, CEO Samuel Falmagne, Anne-Laure Klein and Jean-Marc Leoni, developed an AI-based solution for risk modeling and pricing for retail and commercial insurance customers to offer fast and appropriate prices. Delivered in SaaS, the platform is now used by multiple insurance companies throughout Europe and America.