London-based insurtech startup Ancep has secured $8.5 million in a funding round led by Creandum. The round included participation from Kleiner Perkins and Vicus Ventures, alongside angel investors such as former Aon CFO Christa Davies and operators from OpenAI, Anthropic, and Google DeepMind.
Ancep develops AI agents designed to automate administrative tasks for commercial insurance brokers, including processing client submissions and preparing documents. The technology integrates with existing systems like policy administration platforms and CRM tools. Brokers retain control over final decisions, as the platform is intended to support rather than replace human staff.
The company targets the twenty largest insurance brokers globally and currently operates in Austria, the UK, and the US, with clients including ACIC Financial Advisory. The new capital will be used to support the company's growth and hiring initiatives.
