Aclaimant, a Chicago, IL-based insight-driven workflow platform for safety and risk management, raised $15m in Series B equity and debt funding.
The round, which brought total funds raised to over $20m, was led by Next Coast Ventures with participation from Adam Rogers, former CEO of Ultimate Software, and existing investors Mercury Fund, KEC Ventures, Royal Street Ventures, and Aspen Capital Group.
The company will use the new funds for product innovation, increase hiring across all departments, accelerate client acquisition and sales as well as marketing and partnership development, and add key talent across the risk management spectrum to grow and expand its in-house subject matter expertise.
Led by David Wald, CEO and co-founder, Aclaimant provides a platform designed to help organizations actively manage risk while improving the claims management process, to keep employees safe at their worksites across multiple industries – including construction, manufacturing, staffing, real estate, and hospitality.
The senior management team, including co-founders Wald, Joel Friedman, and Michael Schultz, will continue to lead the company. As part of the round, Thomas Ball (Partner at Next Coast Ventures) will join the company’s board as a director, Kathy Burns (Chief Digital Officer at Ryan Speciality) will join the company’s board as an independent director, and Adam Rogers will join the company’s board as an observer.