Claimsforce, a Hamburg, Germany-based insurtech company, raised €7m in Series A funding.
The round was led by Notion Capital, with participation from existing investors Fly Ventures, Point Nine and La Famiglia.
The company intends to use the funds to continue to expand operations and development efforts, as well as its business reach.
Led by Nils Mahlow, founder and CEO, and Bastian Schweitzer, founder and CTO, Claimsforce provides an artificial intelligence and machine learning powered saas based platform for both insurers and third-party administrators to assess damage to analyze the claim and make a quick settlement.
Clients include Zurich, among others.