What is Snapsheet?
Headquartered in Chicago, Illinois, Snapsheet provides a comprehensive claims management platform designed to modernize the insurance industry. By digitizing and intelligently automating the end-to-end claims lifecycle—from the initial notice of loss to investigation, reserving, and final payment—the company enables insurance carriers, third-party administrators, and vendors to achieve greater operational efficiency. Snapsheet's pioneering virtual appraisal software has transitioned into a robust, enterprise-grade platform that addresses the complexities of modern property and casualty insurance, effectively reducing cycle times and improving the overall customer experience.
How much funding has Snapsheet raised?
Snapsheet has raised a total of $102.3M across 7 funding rounds:
Other Financing Round
$250K
Series A
$1M
Series B
$10M
Series C
$20M
Series D
$12M
Other Financing Round
$29M
Series E
$30M
Other Financing Round (2011): $250K with participation from Lightbank
Series A (2012): $1M led by OCA Ventures, Lightbank, and Pritzker Group Venture Capital
Series B (2013): $10M, investors not publicly disclosed
Series C (2016): $20M featuring IA Capital Group and F-Prime Capital
Series D (2017): $12M backed by Tola Capital
Other Financing Round (2019): $29M with participation from OCA Ventures, Nationwide, F-Prime Capital, Tola Capital, Sedgwick, Liberty Mutual Insurance, and State Auto Labs
Series E (2021): $30M led by Liberty Mutual, Nationwide, Ping An Global Voyager Fund, Pivot Investment Partners, and Intact Financial Corporation
Key Investors in Snapsheet
Liberty Mutual
Liberty Mutual Insurance Company is a global property and casualty insurance company offering a range of insurance services and products such as personal and commercial automobile and property, homeowners, workers' compensation, general liability, and surety.
Nationwide
Nationwide is a Fortune 100 company and one of the largest diversified insurance and financial services organizations in the U.S., providing a full range of insurance, banking, and retirement products.
F-Prime Capital
F-Prime Capital is a global venture capital firm that leverages a team of investors, engineers, and scientists to invest in high-growth healthcare and technology companies.
What's next for Snapsheet?
With the support of major industry incumbents and venture capital partners, Snapsheet is well-positioned to deepen its penetration into the global insurance market. The recent capital infusion is expected to accelerate the development of its intelligent automation capabilities and expand its footprint in the enterprise software space. As the insurance industry continues to prioritize digital transformation, Snapsheet's focus on scalable, data-driven claims solutions will likely remain a key driver of its long-term strategic growth and competitive differentiation.
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