Qantev Secures €30 Million in Series B Funding

French insurtech startup Qantev has successfully raised €30 million in a Series B funding round led by Blossom Capital, with participation from existing investors including Elaia, Omnes, and Raise Venture. Founded by former AXA data scientist Tarik Dadi and CTO Hadrien de March, Qantev aims to enhance its AI-powered platform for automating health insurance claims processing, reduce operational costs, and improve patient outcomes. The company plans to use the new funding to bolster research and development, recruit top talent, and expand its operations in North America and Asia. As global medical costs are projected to rise by 9.9% this year, Qantev's technology promises to streamline claims management and address the growing demand for health insurance. With a focus on precision and specialized AI models, Qantev differentiates itself from other startups experimenting with large language models, believing that accuracy is critical in health insurance automation. The company aspires to become the essential operating system for health insurance operations, tackling the challenges posed by chronic diseases and an aging population.