Snapsheet, a Chicago, IL-based provider of virtual claims solutions, raised $29m in Series E funding.
The round, which brought total funding to $71m, was led by Tola Capital, with participation from new investors Nationwide, Sedgwick, and State Auto Labs and existing investors Liberty Mutual Strategic Ventures, F-Prime Capital, OCA Ventures and an affiliate of USAA.
The company intends to use the funds to accelerate the delivery of its SaaS claims platform for all lines of property and casualty, further invest in advanced analytics capabilities and expand the team to serve clients globally.
Led by Jamie Yoder, president, and Brad Weisberg, CEO and founder, Snapsheet delivers a customer-first claims process with an intelligent, proprietary platform combining technology, data and people.
The company, which proactively leverages internal and external data to make every interaction in the claims journey efficient, currently serves more than 75 clients around the world.
Source. FinSMEs, May 20, 2019
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