Qantev, a French startup developing an enterprise platform for health insurers, has raised $1.7 million in seed funding. The round was led by Elaia Partners and joined by British deep tech investor Entrepreneur First, plus angels such as Gwénaël Moy, former CEO of AX. The platform trains predictive models on millions of insurance claims to build a holistic view of patients and providers behaviors, helping health insurers’ select the best network providers, reduce costs and improve quality of care. (Unfortunately the platform can’t ensure those cost savings reach the insured.) “The major insurers have confirmed to us that the Qantev solution has become a must have for their operations,” says Anne-Sophie Carrese of Elaia Partners. The French VC firm
Founded in Paris in 2019, the insurtech company will use the new funding to continue developing its AI platform and expand into new markets. Gwénaël Moy will join the board.