Led · Seed · Jun 2023

Led by President CEO Grant Little, Precedent provides a digitized demand-handling technology that streamlines communication between attorneys and insurance carriers for attorney-represented injury claims using AI, ML and LLMs. Its technology integrates with carriers' existing document ingestion processes and can proactively push extracted intelligence into core claim systems, injury evaluation software, and litigation management systems. The company launched in late 2022 and has reported initial traction among U.S. Property & Casualty carriers. Precedent is adding and expanding partnerships with major claims management, injury evaluation, and core systems platforms. The company intends to use new funding to bring its suite of products to more insurers and to broaden and accelerate new product development. Financially, Charlotte, NC-based Precedent closed a $9M Seed financing led by Adir Ventures.

Participated · Series A · Jun 2021

Qumata offers a machine learning and artificial intelligence underwriting solution aimed at transforming underwriting for life and health insurers. The company uses digital data to calculate the risk of diagnosis for over 800 conditions, as well as Extra Mortalities and Morbidities, reducing the need for long questionnaires or doctor visits. Qumata positions its technology to retain underwriting accuracy while improving customer experience and enabling new revenue opportunities for insurers. The firm has offices in London, Hong Kong, Shanghai, Tokyo and Singapore and has been expanding its team and partnerships to support growth. Qumata recently signed an agreement with AIA Group to provide services across Asia and is focused on accelerating digital transformation in the life and health insurance industry. The company announced a Series A extension to support global expansion, with a particular focus on Asia and the U.K. HealthyHealth announced a $10 million funding round that closed on June 3, 2021. The round was led by new investor MMC Ventures Limited. The transaction included participation from AdirVentures, a number of family offices, and existing investor TMT Investments PLC (AIM:TMT). As part of the transaction, Oliver Richards of MMC Ventures Limited and Barry Karfunkel of AdirVentures joined HealthyHealth's board of directors. The announcement does not disclose the use of proceeds, valuation, or other operating metrics. No details on the company’s product, founding year, location, revenue, or user metrics were provided in the articles.