# Anansi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/anansi

- Industry: Insurance
- Headquarters: London, UK
- Website: www.withanansi.com
- Total disclosed funding: $2.1M
- Latest round: Seed (Jul 8, 2021)
- Investors on record: 3

## About

Anansi is a UK-based platform that enhances logistics operations through AI-driven solutions, streamlining accountability and efficiency for retailers, third-party logistics providers, and couriers.Founded in 2018, Anansi is a logistics technology company headquartered in London, UK, focusing on an AI-powered shipping accountability platform. The company was co-founded by Ana De Carvalho and Megan Bingham-Walker, who has a history of entrepreneurship. Anansi has raised a total of GBP 1.50 million in Seed funding on July 8, 2021, led by Octopus Investments, with participation from ManyPets Ltd and UNIQA Group. The platform has successfully completed two deals to date, contributing to its current valuation of GBP 7.57 million.Anansi offers an AI-powered shipping accountability platform that is tailored to streamline logistics operations for retailers, third-party logistics providers (3PLs), and couriers. The platform automates claims processing, conducts real-time invoice audits, and delivers data insights to enhance operational efficiency while reducing errors. Anansi specializes in regulated last-mile shipping insurance, which boasts a 98% claims success rate—significantly higher than typical market rates. The platform addresses challenges such as disputed claims and delayed reimbursements, catering to a diverse range of clients, including e-commerce businesses and logistics providers across North America, Europe, and Asia, with a focus on improving delivery experiences and financial outcomes for its clients.Anansi generates revenue through subscription-based models and partnerships with retailers and logistics service providers. The company charges service fees associated with its platform offerings, which encompass claims management and insurance services. Clients pay for access to the platform, enabling them to manage logistics operations and associated risks effectively. Pricing structures are customized to cater to the varying needs of different clients, ensuring the accessibility of Anansi’s services across various market segments. The comprehensive platform not only helps in reducing costs but also adds substantial value through time savings and operational transparency, fostering long-term client relationships and repeat business.Following its Seed funding round in July 2021, Anansi plans to utilize the GBP 1.50 million raised to forge new partnerships with key players in the goods in transit value chain, including freight forwarding companies, major e-commerce platforms, retailers, and third-party logistics firms within the UK and Europe. The company aims to expand its market reach and enhance its product offerings in the coming years, focusing on increasing its operational footprint and service capabilities.

## Funding rounds

- Seed, Jul 8, 2021, $2.1M — UNIQA Group, Octopus Investments, ManyPets Ltd

## Investors

- UNIQA Group — Seed
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Seed
- ManyPets Ltd — Seed