Peak3, a global InsurTech company specialising in cloud-based insurance solutions, has raised $35m in a Series A funding round to accelerate its expansion across the UK and European markets.
The funding round, which will support Peak3’s ambitious growth plans, was backed by investors keen to drive digital transformation in the insurance sector.
The company has already established its European headquarters in Dublin, Ireland, with a focus on key markets including the UK, DACH (Germany, Austria, Switzerland), France, Spain, Italy, Benelux, Scandinavia, and Turkey.
Peak3 provides an API-driven, cloud-native Software-as-a-Service (SaaS) platform, Graphene, designed to help insurers modernise their operations.
The company’s technology enables insurance firms to update legacy systems without expensive overhauls, improving speed-to-market, scalability, and customer engagement across multiple regions. It also supports greater financial inclusivity by addressing protection gaps for SMEs, freelancers, gig economy workers, and younger demographics.
It to use the newly secured funding to enhance its presence in Europe through local talent acquisition and the further development of its digital-first, embedded insurance solutions.
With a workforce of over 500 professionals across R&D, delivery, sales, and operations in Japan, Southeast Asia, Greater China, and now Europe, Peak3 is well-positioned to drive innovation in the sector.
“Insurers across the UK and Europe face increasing pressure to modernise, reduce operational costs, meet ever-increasing compliance requirements, and improve customer engagement,” Peak3 CEO of EMEA Adrien Lebègue said. “Our Graphene platform provides a flexible, scalable foundation for them to deliver digital-first insurance, harmonising operations across multiple countries and regions while ensuring seamless hybrid human-digital interactions.”
Esben Seyffart Sørensen, chief sales officer for Europe at Peak3, added: “There is a huge opportunity to bring Peak3’s expertise to Europe, where we are seeing a shift in the insurance landscape. While we are building on our significant success in APAC, we recognise that localisation is key. We are not simply replicating an APAC model but leveraging our insights and adapting them to meet local market needs.”
Peak3 has already made strides in the European market, with project wins underway and a vision for a more seamless and integrated insurance ecosystem. The company’s core capabilities include omni-channel engagement, digital and embedded insurance, core modernisation, and AI-driven decision-making to enhance customer retention and engagement.
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