Snapsheet, a Chicago, IL-based provider of virtual claims technology and services, closed a $20m series C funding round.
The round was led by F-Prime Capital and IA Capital Group, with strategic participation from Liberty Mutual Strategic Ventures, Intact Ventures Inc. and a USAA subsidiary.
The company intends to use the funds to grow its engineering, marketing and sales headcount as it develops its customizable platform for virtual auto claims.
Led by Brad Weisberg, CEO, Snapsheet provides virtual claims technology and services now serving over 35 insurance clients. The platform tracks and manages the customer experience, allowing carriers to adapt to their customer’s needs by the minute throughout the lifecycle of receiving and processing a claim.
With the new investment, the company will begin licensing its virtual claims processing technology, including white-labeled self-service applications and virtual CRM suite, directly to insurance carriers.