Carpe Data Secures $7 Million

InsureTech startup Carpe Data announced it has secured $7 million in Series A financing. Two investors contributed to the round, including Aquiline Capital Partners.

Carpe Data provides next-generation predictive scoring and data products to property-casualty and life insurance companies. Integrating the social web, online content, wearables, connected devices, and other data, Carpe Data’s products enable insurers more accurately to predict risks and innovate with new products to meet changing customer habits.

According to the company, the new capital will be used to bring Carpe Data’s suite of predictive data products and tools to more insurers, as well as to broaden and accelerate new product development.