Snapsheet, a Chicago, IL-based cloud-native claims management software provider, raised $30M in Series E2 financing.
The round, which brought total raised to date to more than $100m, was led by Ping An Global Voyager Fund and Pivot Investment Partners with participation from Nationwide, Liberty Mutual, Intact Ventures, Tola Capital, Commerce Ventures, among others. Global Voyager’s Chief Investment Officer, Donald Lacey, will join Snapsheet’s board of directors.
The company intends to use the new funds to make key hires across engineering and sales teams, accelerate growth and add new functionality to its platform.
Led by Brad Weisberg, CEO and founder, Snapsheet provides fast claims processes and experiences for insurance carriers, third-party administrators, insureds and vendors. Its claims management platform digitizes and automates the end-to-end process – from electronic first notice of loss to investigation to reserving and payment.
The company has processed millions of claims and more than $7 billion in appraisals for more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurance and sharing economy disruptors in North America.