Dawn leads $20m series-B for Quantexa

Existing investors Albion Ventures and HSBC also took part in the funding round, which will enable the company to undertake international expansion and invest in product development.

Dawn Capital recently held a first and final close on £165m for its third fund, Dawn III. The vehicle is nearly three times the size of its predecessor, Dawn II, which held a final close on £63m in January 2012.

Previous funding
Albion took part in a $3.3m series-A funding round for Quantexa alongside HSBC in March 2017. HSBC stated at the time that the investment formed part of its strategy of supporting projects designed to detect and prevent financial crime.

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
Dawn Capital – Henry Mason (associate).
Quantexa – Vishal Marria (CEO).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Dawn Capital
• Albion Ventures
• Venture