Aurora secures funding from QBE Ventures
23rd October 2024 – Aurora, the digital commercial insurance platform, has secured seed funding from QBE Ventures, the investment arm of global insurer QBE Insurance Group. The investment will be used to enhance Aurora’s lead algorithmic trading proposition, widening its product offering whilst allowing Aurora to commit to new commercial distribution partnerships.
QBE Ventures has built a reputation for investing in, and building alongside early-stage technology orientated businesses, leveraging their global strength to accelerate innovation in the insurance industry. This collaboration reflects QBE’s and Aurora’s shared vision of being part of an augmented ecosystem where complex commercial insurance is data-driven, efficient and immediate.
Aurora’s Co-Founder and Chief Executive, Jan-Vincent Finn commented:
“We’re delighted to have the support of QBE Ventures. Aurora is uniquely positioned to simultaneously enhance both our insurers and broking partners’ propositions. James and his team have a fantastic understanding of our complex business and how Aurora’s role within the ecosystem will continue to develop.”
Aurora’s Co-Founder and Chief Technical Officer, Bijal Patel commented:
“We're grateful for the QBE Ventures team's support, whose strategic alignment, shared vision for algorithmic trading, and understanding of the benefits of our innovation make them an ideal investor. Their collaborative approach, diligence, and expertise in emerging industry trends have really impressed us, and we're excited to continue working together to drive the insurance industry towards a more data-driven and efficient future.”
James Orchard, Chief Executive Officer at QBE Ventures added:
“We’ve really enjoyed getting to know Jan, Bijal and the team. Algorithmic trading, and better leveraging automation and AI to improve workflows and the understanding of risk, present key opportunities for long term growth. Aurora has developed a strong asset, and we’re looking forward to helping them scale globally.”
Bijal Patel Andy Race James Orchard
Finance, Tech & Tax
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