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ClaimScore raised $3.15M in a seed funding round led by ROC Venture Group to target fraud in class action claims using AI.

Apr 17, 2024over 1 year ago

Amount Raised

$3.15 Million

Round Type

seed

Pompton LakesLegal TechLegalArtificial Intelligence

Investors

Roc Venture Group

Description

ClaimScore, a startup using artificial intelligence to detect fraudulent claims in class action lawsuits, has closed a $3.15 million seed funding round led by ROC Venture Group, with the funding to be used for the company’s continued growth and general operations.

Company Information

Company

ClaimScore

Location

Pompton Lakes, New Jersey, United States

About

ClaimScore is a startup that utilizes artificial intelligence to detect fraudulent claims in class action lawsuits. Founded in 2022, it is dedicated to resolving the problem of claims fraud in class action settlements with the aim of bringing transparency and unprecedented benefits to the legal community.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers