Snapsheet, a systematic solution that utilizes powerful software, data, and human resources to accelerate the process for people who have been in an accident, announced two weeks ago (May 20, 2019) that it has raised $29 Million in Series E financing.
The funding was led by F-Prime Capital, Lightbank, 1A Capital Group, USAA, and Tola Capital. This round of financing will further accelerate Snapsheet’s expansion to provide broader claims management solutions globally. Snapsheet plans on allocating the money raised to increase the delivery of its end-to-end claims platform. In addition to this, they plan on further investing in advanced analytics technology and team expansion to effectively serve clients on the global market.
Headquartered in Chicago, Snapsheet provides a virtual claim concept that minimizes stress for the consumer by allowing customers to snap a picture of their vehicle’s auto damage and receive quotes from auto body repair facilities. This feasible solution to what can be a very stressful situation was developed to deliver results quick and easy.
“Snapsheet has digitized the entire claims process,” said Brad Weisberg, CEO and original founder of Snapsheet. “In the last few years, we have advanced our cloud-based claims and analytics solutions. This is no longer just for auto but across all P&C lines. The evolution of where we are going is making our technology available to clients as SaaS claims solutions.” Weisberg has also said that his company is accelerating and expanding its proven technology, software and processes with plans on digitizing nearly all auto claims.
Snapsheet founder Brad Weisberg had a vision to revolutionize the appraisal comparison process with a breakthrough mobile app. It all started with a company he named BodyShopBids, which Weisberg created in 2010 after personally being in a fender bender. Two years later, BodyShopBids was rebranded into the company we all know today, Snapsheet. The problem Weisberg quickly realized with the claim process was the length of time it could take from start to finish; therefore he devised Snapsheet as a way to simplify the process.
BECOME A SPONSOR
Join us in championing the narrative of success, resilience, and ingenuity that defines Nebraska’s startup community. Learn more »
Snapsheet is responsible for pioneering the new wave for the automotive claim industry. By introducing technology that helps shops, adjusters, and customers communicate effectively, Snapsheet has ultimately brought the automotive industry closer as a whole.
Please visit https://www.snapsheetclaims.com/ for more information about this company.
