Software scaleup to accelerate global expansion with $64.7m funding

A company specialising in contextual decision intelligence software has closed a multi-million dollar funding round.

Quantexa has secured $64.7m in a Series C investment round led by Evolution Equity Partners.

The round saw participation from pre-existing backers Dawn Capital, AlbionVC, HSBC and Accenture Ventures, alongside new investors British Patient Capital and ABN AMRO Ventures.

The new funding will support Quantexa’s market expansion into the public sector, while developing more platform applications across financial services and broader cross-sector capabilities.

In addition, the investment will be used to accelerate the firm’s growth across North America, Europe, and Asia-Pacific regions.

Vishal Marria, CEO at Quantexa, commented: “We are thrilled that Evolution Equity Partners and British Patient Capital will be joining our team, alongside the strategic investment from ABN AMRO Ventures.

“Together with the continued trust and commitment from our existing investors, we will drive the next phase of Quantexa’s growth. We are seeing a huge demand for our platform to support multiple applications across our core markets in financial services and within new industry sectors.

“This investment will accelerate our product innovation roadmap and enable us to invest further into Europe, North America and Asia Pacific regions, as well as expand into new locations.”