ChronWell, a Fort Lauderdale, Fla.-based technology-enabled platform company for the workers’ compensation insurance industry, raised $4.5m in Series A funding.
The investors were not named.
The company intends to use the funds to launch and continue to develop the platform.
Founded in 2017 by Joe Rubinsztain, Salomon Sredni and Sam Rubinsztain, ChronWell provides the first line of care for injured workers to cover triage, on-site care, care coordination and personalized assistance service. When an employee is injured on the job, a health care professional backed by Artificial Intelligence will determine the best course of action by recommending self-care, on-site care or a health care facility.
The service provides follow-up with the worker and manages the claim.
Chronwell will also leverage technology to free adjusters from mundane work and ultimately develop an open market to identify and offer best-of-breed providers.