Aventus Secures £2.6M to Bolster Business

By Insurance CIO Outlook | Tuesday, June 30, 2020

Aventus bags £2.6 million to scale up the organisational business, enabling customer experience that is light-years ahead of the competition.

FREMONT, CA: An insurance operating system provider, Aventus, has raised £2.6m in its latest investment round. This round of funding was led by Triple Point, and Downing, along with Outward VC and Notion, which led the seed round. With this backing, Aventus plans to invest people's development and training across all job roles, as well as potentially expanding its staff-base. The raised funds will enable Aventus to execute the plan that it has created for people using an insurance operating system. The operating system is ready and winning customers, onboarding them correctly, and driving real customer success as the insurance industry, in particular, believes customer advocacy to be the biggest driver of business.     

Aventus has a unique view of how technology should be applied. The company wants to push boundaries without intimidating anybody in the process. The idea of the investment is to grow business quite aggressively in a plotted way because Aventus wants to make sure that customers are the most prominent advocates and the biggest salespeople because that's how companies win in this industry. The firm aims to support, in particular, small to medium managing general agents (MGAs), specialist brokers and insurers, both in the UK and globally.

The Aventus Operating System facilitates insurance providers to create a seamless customer experience for any insurance line, through any channel, at a startup's pace. The company enables insurance providers to create and launch products quickly, utilise 1st and 3rd party data to improve quote journeys. It helps them deliver efficiencies by combining policy administration and CRM and leverage multiple data sources to automate bordereaux and binder management. Also, the powerful distribution features integrated with a single source of truth make it simple to distribute through any channel, serving to deliver the customised, seamless online to offline insurance experiences that consumers now expect.

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