Key European InsurTech investment stats in Q1 2025:
- European InsurTech funding decreased by 7% YoY in Q1 2025
- UK dominated the European InsurTech deal market with 40% of the top deals for the quarter
- London-based Quantexa, a global AI, data and analytics software company pioneering Decision Intelligence solutions, was ahead of the rest of the market with the biggest European InsurTech deal of the quarter with a $175m Series F funding round
European InsurTech funding decreased by 7% YoY in Q1 2025
In 2025, the European InsurTech sector recorded a modest decline in both deal volume and funding compared to the previous year.
The number of deals dropped to 12, down from 17 in 2024 — a 29% decrease.
Meanwhile, total investment dipped slightly by 7%, falling from $254m in 2024 to $235m in 2025.
This comparatively smaller drop in funding despite fewer deals suggests a potential shift towards fewer but larger transactions, as investors may be consolidating their bets around later-stage or higher-potential companies in an uncertain economic climate.
UK dominated the European InsurTech deal market with 40% of the top deals for the quarter
The top 10 deals in 2025 were spread across five countries, indicating greater geographical diversity compared to 2024.
The United Kingdom remained a key player with four top deals, although this was a decline from the seven it secured the year before.
Spain rose significantly with three top deals in 2025, having not featured in the top 10 in 2024.
France, Italy and Germany each contributed one top deal in 2025, with Germany being the only other country to appear in both years.
Sweden and Denmark, which had each secured one top deal in 2024, were absent from the 2025 list.
The broader country representation in 2025 points to a more distributed InsurTech investment landscape, with emerging hubs like Spain gaining prominence.
London-based Quantexa, a global AI, data and analytics software company pioneering Decision Intelligence solutions, was ahead of the rest of the market with the biggest European InsurTech deal of the quarter with a $175m Series F funding round
The round was led by Teachers’ Venture Growth, part of the Ontario Teachers’ Pension Plan.
The investment valued the UK-based company at $2.6bn and will support its ongoing platform innovation, strategic expansion into North America, and pursuit of targeted acquisitions.
With a Decision Intelligence platform designed to unify siloed data and enhance operational decision-making across sectors such as financial crime, risk, fraud, and KYC, Quantexa has seen rapid growth, adding 23 new customers in 2024 and achieving nearly 40% licence revenue growth.
The funding will also accelerate partnerships, including its AI-powered offerings through Microsoft Fabric and Azure Marketplace, while enabling deeper public sector engagement as the company expands its footprint of 16 offices and more than 800 employees globally.
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