Qantev Secures €30M to Automate Medical Claims

Qantev, an AI-powered platform transforming the way health and life insurers manage claims, has just secured €30 million in a funding round led by Blossom Capital, with participation from existing investors Elaia, Omnes, and Raise Venture. The company plans to enhance its platform, recruit top talent, and expand globally.

• AI-Driven Efficiency: Qantev automates medical claims, reducing processing time from days to minutes, helping insurers manage claims more efficiently.

• Funding & Investors: Qantev raised €30M from Blossom Capital, with existing investors Elaia, Omnes, and Raise Venture continuing their support. This brings their total funding to over €40 million.

• Global Reach: Qantev serves insurers in 12 countries, including the US, Mexico, and Asia, and operates teams in Paris, Hong Kong, and the UK.

• Growth Potential: The global health insurance market is expected to hit $2.38 trillion by 2024, positioning Qantev to capitalize on one of the fastest-growing sectors in the world.

• Leadership Expertise: Founded by ex-AXA lead data scientist Tarik Dadi and former quantitative analyst Hadrien De March, Qantev brings deep industry knowledge to its AI-powered solutions.

By automating claims processing and reducing costs, the company is helping insurers scale while improving service for patients.