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# Akur8 raises $30m Series B to expand in the US and APAC
- URL: https://www.ai-360.online/akur8-raises-30m-series-b-blackfin-mtech/
- Published: 2021-06-17T12:00:00.000Z
- Updated: 2026-10-26T10:07:42.000Z
- Description: Akur8 closed a $30 million Series B on 17 June 2021, taking total funding to $42 million, with BlackFin Capital Partners and MTech Capital reinvesting.
- Author: AI-360
- Tags: News, #company-akur8, BFSI, 3. Insurance AI, Funding, #industry-insurance

[Akur8](https://www.akur8.com/?ref=ai-360.online) [closed a $30 million Series B on 17 June 2021](https://www.akur8.com/news/akur8-raised-30m-in-series-b-funding?ref=ai-360.online), bringing total funding to $42 million, the company said. The round closed about 15 months after its Series A led by BlackFin Capital Partners and MTech Capital; both reinvested in the Series B.

Founded in 2018 and commercialised in 2019, Akur8 said at the time it had more than 30 customers across 10 countries — naming AXA, Generali, Munich Re, Canopius, Tokio Marine Kiln, Wakam, wefox and Matmut among them — with about 350 daily users in insurer pricing teams. The company then employed about 50 people across Paris, London and New York.

Proceeds were earmarked for US expansion, an Asia-Pacific presence planned for 2022, and product development across the full pricing suite, including US-tailored features. Co-founder and chief executive Samuel Falmagne and co-founder and then chief actuary Guillaume Beraud-Sudreau both commented in the announcement on client traction and the funding. Valuation terms were not disclosed.

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