Anorak raises £5m to develop adviser platform

Technology developer Anorak has secured £5m Series A funding from Kamet Ventures, the start-up studio backed by AXA. The investment funds, which have reached £9m, will allow the smart data firm to continue to develop its technology, with plans afoot to leverage its recommendation engine to launch a platform for intermediaries. It will ‘enable them to change the experience of selling life insurance and move them into the digital age', the firm said. "The life insurance sector is on the verge of transformation and Anorak is leading the way," said David Vanek, co-founder and CEO of Anora...