Snapsheet, a Chicago, IL-based provider of virtual claims software for the personal and commercial insurance sector, raised $12m in Series D funding.
The round was led by Tola Capital. In conjunction with the funding, Sheila Gulati of Tola Capital joined Snapsheet’s board of directors.
The company intends to use the funds to further accelerate the development of its mobile-first, data-centric, and AI-enabled virtual claims platform and expand sales, marketing and customer engagement functions.
Led by Brad Weisberg, founder and CEO, Snapsheet provides virtual claims software for the personal and commercial insurance industry. Through its claims management technology, data-enabled workflow, and mobile applications for customers and adjustors, the company allows auto insurance carriers to manage the claims lifecycle for all parties. They guide customers through the lifecycle of submitting and processing a claim, reducing the time required for claims adjusters to collect and submit data, thereby improving cycle times and customer satisfaction.