Georgian leads $25m series-C for Tractable

The round also saw participation from existing investors, including Insight Partners and Ignition Partners. The funding round nearly doubled the total raised by Tractable, to $55m.

The fresh capital will be used to accelerate Tractable’s expansion into new markets from the nine countries in which it currently operates.

Previous funding
In June 2015, Zetta Venture Partners led a $1.9m funding round for Tractable. Also participating were Acequia Capital, 415, Entrepreneur First and Charlie Songhurst.

Subsequently, Ignition Partners led a $8m series-A funding round for the company in January 2017. The round also saw participation from new and existing investors, including Andy Homer, Zetta Venture Partners, Ignition Partners, Scott Roza, Tony Emms, Greg Gladwell and 415.

In July 2018, Insight Partners led a $25m series-B, with participation from Zetta Venture Partners, Plug and Play, Ignition Partners and Acequia Capital.

Company
Founded in 2014 and headquartered in London, Tractable is a technology company developing AI for accident and disaster recovery. Tractable’s AI uses computer vision to appraise the damage. In addition to offices in the UK and US, the company has recently established a permanent office in Japan. It employs 100 people.

People
Tractable – Alex Dalyac (CEO, founder).
Georgian Partners – Emily Walsh (principal).
Insight Partners – Lonne Jaffe (managing director).

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• UK / Ireland
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• United Kingdom
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• Insight Venture Partners