Participated · Equity · May 2022

MotionsCloud is a German insurtech that uses augmented reality and artificial intelligence to assess and expedite home and auto insurance claims. Led by CEO LeX Tan, the company provides an automated property and vehicle inspection solution designed to make claims processing faster and more efficient. Its platform leverages AR and AI to automate inspections and support insurers in damage assessment and claims workflows. MotionsCloud already cooperates with firms across Europe, the US and Asia. The company raised US$2m in a funding round and intends to use the proceeds to pursue further expansion efforts. Investors in the round included SOSV, Net Insurance, AI Startup Incubator, ParticleX, Artesian, Excon Services and Global Insurance Accelerator.