Aclaimant, a Chicago, IL-based insight-driven workflow platform for safety and risk management, raised $10m in Series A funding.
The round, which brought total funds raised to nearly $13m, was led by Mercury Fund, with participation from Royal Street Ventures, EBSCO Capital, KEC Ventures, RRE Ventures, and Aspen Capital Group.
The company intends to use the funds to accelerate client acquisition and sales as well as marketing and partnership development, and to invest in product innovation and enhancements focused on data, compliance, and design.
Led by David Wald, CEO and co-founder, Aclaimant provides an insight-driven workflow solution for safety and risk management. It proactively uncovers problems to change the way organizations manage risk. By combining insurance industry experts with innovative technology solutions, Aclaimant improves risk and claims management processes for all businesses. The company caters to multiple industries, including construction, manufacturing, staffing, real estate, and hospitality.
Following the deal, the senior management team, including co-founders Wald, Joel Friedman, and Michael Schultz, will continue to lead the company, joined by Adrian Fortino, Managing Director at Mercury Fund, and Laura Brady, Managing Director at Royal Street Ventures, as members of the Board of Directors.