ancep raises $8.5m to help insurance brokers place smaller risks
Creandum led the funding, with Kleiner Perkins, Vicus Ventures and angel investors backing the London company.
ancep has raised $8.5 million in a round led by Creandum, with participation from Kleiner Perkins, Vicus Ventures and angels including former Aon chief financial officer Christa Davies. The company will use the funding for growth and hiring.
Its AI agents handle the routine work of commercial insurance placement: reading submissions, preparing documents and approaching insurers through email, portals and APIs. By working inside brokers’ existing systems, ancep aims to make smaller policies economical to place.
The company says its agents are live with brokers in Austria, the UK and the US. Brokerage teams review outputs before they take effect, and authorised brokers remain responsible for binding insurance coverage.
Use of funds
Growth
Hiring