# Qantev

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

- Industry: Software
- Headquarters: Paris, France
- Website: www.qantev.com/
- Total disclosed funding: $42M
- Latest round: Series B (Sep 2, 2024)
- Investors on record: 5

## About

Qantev SAS, based in Paris, France, provides an AI-driven claims platform specifically designed for health and life insurance sectors, enhancing claims operations through automation and advanced technology.Founded in 2018, Qantev SAS operates as a technology firm offering solutions for claims management in the insurance industry. The company has successfully completed 3 deals, with its latest funding being a Series B round raising EUR 30.000 mn on September 2, 2024, led by Blossom Capital, alongside other investors such as Elaia Partners, Omnes Capital, and RAISE. The company was co-founded by Hadrien De March and Tarik Dadi, who serves as the CEO.Qantev specializes in an AI-driven claims platform tailored for health and life insurance sectors, offering automated solutions to enhance claims operations. The core product suite includes end-to-end claims management systems that incorporate AI decision models for critical tasks such as data acquisition, policy and coverage verification, and medical coding. The platform is designed to streamline the claims process, reduce costs, and minimize leakage while improving loss ratios. Qantev's technology is utilized by leading insurers globally, providing them with specialized tools to detect fraud, waste, and abuse in claims more effectively. By deploying contextual AI-driven tools, the company serves a diverse clientele across multiple regions, enhancing operational efficiency and data quality in markets such as North America, Europe, and Asia-Pacific.Qantev generates revenue through a subscription-based model, catering primarily to insurers who seek to integrate their advanced claims processing solutions. Clients typically engage in long-term partnerships, leveraging Qantev’s platform to automate and enhance their claims operations. The pricing structure is designed to align with the comprehensive suite of services offered, which includes claims management, fraud detection, and data acquisition capabilities. Revenue is derived from both initial platform deployment fees and ongoing subscription fees, ensuring continuous access to Qantev’s evolving technology and support. This model is aimed at delivering significant ROI for clients, as evidenced by a strong track record of performance improvements across multiple engagements.In September 2024, Qantev SAS raised EUR 30.000 mn in venture funding, which will be utilized to further develop its platform, hire additional staff, and expand its market reach internationally. The company plans to design and launch new products to enhance its service offerings, while targeting expansion into new geographic regions to increase its global footprint.

## Funding rounds

- Series B, Sep 2, 2024, $33M — Elaia Partners, Omnes Capital, RAISE, Blossom
- Series A, Oct 12, 2022, $7.3M — Elaia Partners, Omnes Capital, RAISE
- Seed, Nov 5, 2020, $1.7M — Elaia Partners, Entrepreneur First

## Investors

- Elaia Partners (https://capitalatlas.ai/funds/elaia-partners) — Seed, Series A, Series B
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- Omnes Capital (https://capitalatlas.ai/funds/omnes-capital) — Series A, Series B
- RAISE (https://capitalatlas.ai/funds/raise) — Series A, Series B
- Blossom (https://capitalatlas.ai/funds/blossom) — Series B