Albion Ventures in $3.3m round for Quantexa

HSBC also took part in the round, stating that it formed part of its strategy of supporting projects designed to detect and prevent financial crime.

The fresh capital will enable the business to invest in the development of its Resolution and Network Analytics products. It will also fund an international expansion strategy, with Quantexa looking to open new offices in Brussels, Sydney and New York during 2017.

The transaction is Albion's first investment of 2017. Most recently the VC invested £1.5m in automotive technology specialists SBD and provided £3m of series-A funding to digital marketing company Convertr Media in November 2016.

Company
Founded in 2016 and headquartered in London, Quantexa is a data analysis business focused on identifying, preventing and tackling financial crime and regulatory compliance challenges in the banking, insurance and government sectors.

People
Albion Ventures – Ed Lascelles (partner).
Quantexa – Vishal Marria (CEO).

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