Quantexa lands $175m Series F round, valuation rises to $2.6bn
Quantexa, a UK-based AI, data and analytics software company, has secured a $175 million Series F funding round led by Teachers’ Venture Growth (TVG), the late-stage venture arm of the $186 billion Ontario Teachers’ Pension Plan.
Quantexa’s valuation jumps to $2.6bn with Series F round
With participation from existing investors, the round propels Quantexa’s valuation to $2.6 billion, up from $1.8 billion after its $129 million Series E in 2023.
Founded in 2016, Quantexa’s product portfolio includes a range of data management, KYC, financial crime, fraud and security, customer intelligence, and AML solutions.
The company, which boasts a 800-strong workforce operating across 16 offices, claims the funding comes off the back of reaching “Centaur status”, after surpassing $100 million in annual recurring revenue.
The cash injection has been earmarked to drive innovation to its platform, fuel M&A opportunities, and bolster its foothold in the North American market.
Furthermore, Quantexa plans to “create new partnerships and alliances”, with the company “fast-tracking” a partnership with Microsoft for AI-powered workloads and a cloud-native AML solution for US mid-market banks through Azure Marketplace.
Pending regulatory approval, Ara Yeromian, managing director at TVG, will join Quantexa’s board as part of the investment.
