Snapsheet is a Chicago, IL-based claims management technology company led by CEO and founder Brad Weisberg. Through its platform, Snapsheet leverages technology to streamline and expedite the claims process, providing insurers and policyholders with a user-friendly experience. The company offers a comprehensive range of appraisal, claims, and payment solutions for auto, property, and commercial insurance. Snapsheet works with over 140 insurance carriers, managing general agents (MGAs), third-party administrators (TPAs), and self-insured entities across the United States, Canada, and Europe. The company received an investment from State Farm Ventures; the amount of the deal was not disclosed. Snapsheet intends to use the funds to strengthen relationships with leaders in the P&C industry, including State Farm Ventures. Snapsheet provides a cloud-native claims management platform that digitizes and automates the end-to-end claims process from electronic first notice of loss through investigation, reserving and payment. The company serves insurance carriers, third-party administrators, insureds and vendors, and has processed millions of claims and more than $7 billion in appraisals for over 100 clients, including large carriers, TPAs and sharing-economy disruptors in North America. Led by CEO and founder Brad Weisberg, Snapsheet focuses on speeding claims processes and improving customer experience. The company plans to use new funding to hire across engineering and sales, accelerate growth and add new functionality to its platform. Snapsheet is headquartered in Chicago, Illinois. Snapsheet is a Chicago, IL-based provider of virtual claims solutions that delivers an intelligent, proprietary SaaS claims platform combining technology, data and people. The company currently serves more than 75 clients around the world. Led by president Jamie Yoder and CEO/founder Brad Weisberg, Snapsheet leverages internal and external data to make interactions across the claims journey more efficient. It intends to use the new funds to accelerate delivery of its claims platform across all lines of property and casualty, further invest in advanced analytics capabilities, and expand the team to serve clients globally. To date the company has raised a total of $71m, including the newly announced Series E. Snapsheet builds virtual claims software and related mobile applications for customers and adjusters in the personal and commercial auto insurance market. Its platform combines claims management technology, data-enabled workflows, and mobile tools to help carriers manage the full claims lifecycle. The company positions its product as mobile-first, data-centric and AI-enabled and guides customers through submitting and processing claims. Snapsheet aims to reduce the time adjusters need to collect and submit data, improving cycle times and customer satisfaction. The company plans to accelerate development of its platform and expand sales, marketing and customer engagement functions with new capital. Snapsheet provides cloud-based, white-labeled mobile apps for auto insurers to guide users through photo- and information-gathering at accident scenes and a back-end platform that lets carriers virtually process claims without sending an adjuster. The company has 35 corporate clients and works with carriers including MetroMile and Turo. Snapsheet raised a $20 million Series C and will use the proceeds for product development and to hire in client support, sales, and marketing. Management plans to develop machine learning that can predict customers' questions and deliver proactive information during the claims process. Leadership says it will stay focused on the auto claims market rather than expanding into other property lines due to the market size and the importance of customer service. Investors and company statements emphasize the technology's ability to speed claims processing and improve customer Net Promoter Scores.

Total raised

$102M

Funding rounds

7

Latest round

Series E

Latest activity

Mar 2021