Chicago insurance-tech startup Snapsheet landed a new round of funding as it expands its smartphone-based insurance claim solution beyond auto insurance.
Snapsheet announced Monday that it raised $29 million in fresh funding in a round led by Tola Capital, a Seattle-based VC firm that backs enterprise software companies. Other investors include Nationwide, Sedgwick, State Auto Labs, Liberty Mutual Strategic Ventures, F-Prime Capital, OCA Ventures and an affiliate of USAA.
Snapsheet has now raised $71 million to date.
Founded in 2010, Snapsheet created technology that lets people file automobile insurance claims via their smartphone. The tech, which is used by carriers like USAA and Liberty Mutual, allows customers to upload accident photos, communicate with repair shops, and virtually file insurance claims.
Now, Snapsheet says it will bring that same convenience to all lines of property and casualty to more easily file claims on anything you own.
“Snapsheet has digitized the entire claims process,” Brad Weisberg, CEO and founder of Snapsheet, said in a statement.
The startup has grown to 500 employees. Last year, Snapsheet moved into a new Loop headquarters at 55 W. Monroe St. to keep up with its growing headcount.
"We have helped to lead a digital and data-driven revolution that is transforming how our clients engage with their customers and stakeholders across the auto claims ecosystem," Weisberg added. "Now, we are accelerating and expanding our proven technology, software, and processes."
