Cytora: Raises £25m Series B funding round

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Cytora: Raises £25m Series B funding round

Cytora: Commercial insurance AI firm, raised £25 mn Series B funding round led by the EQT Ventures

  • Other participants include Cambridge Innovation Capital, Parkwalk and a number of angel investors
  • The funding used to accelerate the expansion of Cytora’s product suite and scaling into new geographies
  • Cytora enables innovative underwriting for commercial insurance via a Cytora API-enabled Underwriting Platform
  • The EQT Ventures brings unrivaled expertise and they’ve supported the growth of some of Europe’s leading businesses
  • Cytora’s software already used by insurers like QBE, AXA XL, MS Amlin and Starr