iXledger

company

About

iXledger is a groundbreaking platform for insurance utilising blockchain technology.

Details

Last Funding Type
Seed
Industries
Blockchain,Cryptocurrency,Information Technology
Founded date
Jan 1, 2017
Number Of Employee
1 - 10
Operating Status
Active

iXLedger is the technology development arm of iX Technology Group and was founded in London in 2017, with the encouragement of clients interested in innovation and new business models.

Technology driven innovation is an increasing focus for the insurance industry which faces challenges on many fronts. A core issue is that the insurance product is often handled by several layers of intermediaries using manual, highly inefficient processes.

Customers require suitable coverage at a fair price, from trusted insurers delivering good service and fast claims settlement. Insurers and intermediaries need access to quality business and to manage their operational and distribution costs across the insurance value chain.

Blockchain technology – a distributed, decentralised ledger that is immutable, secure, fast and transparent – has huge potential to enable the industry to face these challenges.

This peer-to-peer ecosystem facilitates increased trust, efficiency, and transparency – resulting in improved customer service, cost-efficient business models, faster transactions, and reduced risk through data access and collaboration

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
iXledger has raised a total of — in funding over 2 rounds. Their latest funding was raised on May 1, 2018 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 1, 2018 Seed 2 KR1 Detail

Investors

Number of Lead Investors
Number of Investors
1
2
iXledger is funded by 2 investors. KR1 and George Burke are the most recent investors.
Investor Name Lead Investor Funding Round
KR1 Yes Seed
George Burke Seed

Employee Profiles

Number of Employee Profiles
2
iXledger has 2 current employee profiles, including Executive Ingemar Svensson
Executive
Executive