Quantexa raises a £104m Series E at valuation of c.£1.4bn
Congratulations to Quantexa on the milestone £104m funding round, giving it a valuation of c.£1.4bn! The funding round was led by Singapore’s sovereign wealth fund GIC with participation from existing investors including Albion.
Founded in 2016, Quantexa uses AI to provide a connected view of all data in a single place. It solves major challenges across data management, from KYC and customer intelligence to risk and security. Their Decision Intelligence platform enhances operational performance with over 90% more accuracy and 60x faster analytical model resolution than traditional approaches.
With financial and digital crime showing no sign of abating, Quantexa’s pioneering approach is providing its clients, from corporations to government, with the ammunition needed to tackle these and this fundraise denotes the value being placed on Quantexa’s services.
As an early investor in Quantexa, Albion is thrilled with and proud of Quantexa’s success in providing a unique solution that is transforming the businesses of its clients and delivering real value to its investors. This milestone is testament to Albion’s belief that, regardless of the macro environment, there are great companies that can still thrive and our role at Albion is to help our patient investors access those.
Ed Lascelles, Partner at Albion, says: “We are delighted to welcome GIC as a new partner to Quantexa. Having supported Vishal Marria and his team from the very beginning, it has been a privilege to see the product and the team develop and scale globally. Completion of the Series E round is an important milestone in Quantexa’s journey to becoming a lasting global champion.”