UK fintech Quantexa raises £110 million led by Warburg Pincus
Quantexa has raised £110 million (USD$153 million) in Series D funding from Warburg Pincus and a growing group of blue-chip investors. This latest fundraise follows an impressive year of 108% growth for Quantexa during 2020/21, boosted by significant growth from new clients across geographies and industries.
This round was led by Warburg Pincus a global private equity firm focused on growth investing with a five-decade track record of handpicking future market leaders. Existing investors participating were Dawn Capital, AlbionVC, Evolution Equity Partners, HSBC, ABN AMRO Ventures and British Patient Capital. The new investment follows a Series C round in July 2020.
Quantexa will use the investment to accelerate its plans for regional market expansion and build out its product portfolio development further in areas like data management and industry verticals such a Banking, Insurance, Public Sector and TMT. Quantexa will additionally look for inorganic growth opportunities as part of its corporate strategy.
Deployed across more than 70 countries with thousands of users, Quantexa serves blue-chip banks, insurers and government organizations globally, including 7 of the top 10 UK and Australian banks and 6 of the top 14 financial institutions in North America, with flagship customers such as HSBC and Standard Chartered Bank. Quantexa has also established a growing ecosystem of partners, including Accenture, Deloitte, Microsoft and Google.
Vishal Marria, CEO of Quantexa commented, “We are thrilled to welcome Warburg Pincus to our team as we continue to accelerate the growth of our global software business and lead the CDI category. Warburg Pincus has a distinguished track record and brings deep experience of funding winners globally.”
“What excites us most is the growing demand we see across sectors for enterprises to realize meaningful value from their data across the organization. Quantexa is supporting customer innovation so they can make trusted operational decisions. We have seen the need for Contextual Decisioning increase exponentially within the financial sector and with this round we are able to capitalize on the growing demand for CDI across multiple new sectors in a market worth over USD$114 billion according to IDC.”
Quantexa’s ground-breaking Contextual Decision Intelligence (CDI) platform is revolutionizing the data and analytics industry for operational decision making, by solving the age-old problem of joining the dots of internal and external data. Using CDI, organizations can create a scalable, true single customer view of data and deploy new data and analytics technologies such as Entity Resolution, Graph Analytics and AI, to create graph-based network views, supporting any number of use cases, all from a single software platform.
CDI is helping organizations to take the efficiency and accuracy of their Master Data, Risk and Compliance programs to a new level, at a time when cloud migration, digital transformation and resilience have never been more important. Furthermore, Quantexa is championing the use of data for good in areas such as anti-human trafficking.