Amsterdam-based MarvelX, a company specialised in building AI agents to manage claims, compliance, and support insurance, has secured $6M (approximately €5.3M) in a seed funding round led by EQT Ventures.
EQT Ventures is an early-stage venture capital firm based in Luxembourg, with investment advisors in key cities, including Stockholm, Amsterdam, London, New York, Berlin, and Paris.
Currently investing from its third fund, which is valued at €1.1B, the firm claims to be one of Europe’s largest early-stage funds.
“MarvelX is building a next-generation vertical AI company in one of the most operationally complex and underserved industries. Their team combines deep AI expertise with real understanding of the regulatory and data challenges insurers, banks, and wealth managers face every day. We’re proud to partner with them to help transform this space,” says Tom Medoza, Partner at EQT Ventures.
Additionally, the company also announced the launch of ClaimOS MaX. According to the company, it is built to address one of the most time-consuming and costly areas in insurance: claims handling.
Angel investors in the seed round include Jobi George (elastic, Microsoft), Keith Grose (Coinbase, Plaid), Yana Abramova (Pretiosum), Humphrey Valenbreder (Partior, bunq), Mehdi Ghissassi (Google Deepmind), Plug and play, among others.
MarvelX: Building smart AI agents to manage claims, compliance, and support
Insurance services are at an important turning point. Many companies still rely on outdated systems and manual processes, which slow down their operations and frustrate customers.
Founded by Ali el Hassouni (former Head of Data & AI at unicorn neobank bunq), MarvelX is building the agentic AI platform for regulated industries, starting with Insurance.
MarvelX is here to help with AI agents that make insurance workflows more efficient, starting with claims management.
The platform’s AI agents can automate up to 90 per cent of operational tasks, helping clients streamline their processes, cut costs, and improve customer service.
The first client is Companjon, a tech company in Europe that focuses on embedded insurance.
The platform connects to existing systems, centralises data, and turns manual tasks into automated processes.
This helps insurers make faster, better decisions, reduce mistakes, and improve compliance.
MarvelX’s platform is already improving claims operations, allowing insurers to work faster, stay accurate, and keep customers updated.
It can process documents and assess claims in minutes, detect fraud instantly, and automatically send personalised status updates.
As per the company’s claims, insurers can reduce operational costs, improve compliance, and deliver a superior customer experience.
“EQT Ventures has experience building companies in this area. They’ve already successfully done it. We had interested parties with over 150 inbound investor approaches that we selected from, but EQT Ventures’ long-term vision and track record in working with teams in this area before made it an obvious partner of choice for us. Their clear, long-term plan to support us on our growth journey resonated with us, and we’re looking forward to many more successful milestones together,” said Ali el Hassouni, founder and CEO of MarvelX.
