Ancep, a London insurance technology company, has raised US$8.5 million. Creandum led the round, with Kleiner Perkins and Vicus Ventures participating. The company builds AI agents that help commercial insurance brokers place smaller risks.
Early traction
The company says its software is already in use with brokers in the UK, US, and Europe. Customers include Austria's ACIC Financial Advisory and a top 10 UK broker. One customer division reported a 10% revenue increase within six weeks of going live.
Founding team
Ancep was founded in 2026 by Gagan Khurana and Jake Turner. They met at Oxford and previously worked together at Scope AI. Khurana ran sales at Scope AI, and Turner ran engineering as revenue grew to US$2 million in under a year.
What the agents do
The agents read client submissions, build broker documents, and approach insurers for terms. They work inside existing systems, including policy administration systems, e-trade portals, and CRMs. Only authorized brokers can bind cover, and broker teams review agent outputs before they take effect.
Ancep will use the funding to support growth and hiring. The company is starting with the twenty largest brokers in the world. It plans to deploy one workflow at a time.