Javln has secured a $6 million capital investment to “cement its position as a leading innovator in the Australian insurance industry”.  

The New Zealand-based insurtech says the funding will accelerate research and development, and drive growth initiatives such as its strategic partnership with Envest.  

It will also support its expansion across Australia and entry to other markets.  

“This capital raise enables us to act decisively in a rapidly evolving market,” CEO David Leach said.

“With AI and new technologies transforming the insurance sector, the funds will help us provide innovative software products to our customers across ANZ and beyond.”  

The investment was led by Australian fund manager Microequities Asset Management.  

“We were impressed by Javln’s technology, which we think will markedly advance the digitisation journey ... in the insurance broking industry,” CEO and chief investment officer Carlos Gil said.

“We see Javln’s technology as a key enabler for insurance brokers to ultimately provide better outcomes for their end clients.”  

Javln recently named Auckland-based Tim Mole as AI and data head, with a focus on embedding the technology across the group’s policy and document management products.