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ClaimSorted raised $3M in a pre-seed funding round led by Firstminute Capital to expedite insurance claim processing.

Oct 11, 2024about 1 year ago

Amount Raised

$3 Million

Round Type

seed

New YorkArtificial Intelligence

Investors

TransposePrecursor VenturesY CombinatorFirstminute Capital

Description

ClaimSorted has secured $3 million in pre-seed funding to simplify claims processing for insurers. The over-subscribed round was led by Firstminute Capital, with participation from YCombinator, Precursor Ventures, and Transpose.

Company Information

Company

ClaimSorted

Location

New York, New York, United States

About

ClaimSorted is a company focused on simplifying claims processing for insurers through automation and AI. Their solution aims to enhance customer experience and significantly speed up the claims process while reducing errors. By addressing the inefficiencies of third-party claims agencies, ClaimSorted provides a more reliable service for insurers. The company operates across the US, UK, and Europe within multiple insurance verticals.

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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