# Aclaimant

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aclaimant

- Industry: Software
- Headquarters: Chicago, US
- Website: www.aclaimant.com
- Total disclosed funding: $28M
- Latest round: Series B (Apr 1, 2021)
- Investors on record: 8

## About

Aclaimant, Inc. is a Chicago-based provider of Active Risk Management Solutions through its innovative Risk Management Information System, enhancing incident management and streamlining risk tasks for diverse organizations.Founded in 2013, Aclaimant, Inc. specializes in risk management solutions. The company has successfully completed four funding deals, with its most recent funding round being a Series B that raised USD 15.000 mn on April 1, 2021, led by Next Coast Ventures. The company is co-founded by David Wald, Jim Farber, Joel Friedman, and Michael Schultz, with David Wald also serving as CEO.Aclaimant specializes in Active Risk Management Solutions via its Risk Management Information System (RMIS), which centralizes and automates risk management tasks, thus improving productivity and reducing costs associated with risks. Key features include claims management, incident submission automation, and data-driven dashboards. The platform services a wide array of industries, aiding both small and large enterprises across North America and Europe in enhancing their risk management processes.Aclaimant operates on a subscription-based revenue model, where clients pay for access to its platform tailored to their risk management needs. This B2B engagement allows organizations to subscribe for comprehensive services, including claims management and incident reporting, with the flagship product, the Aclaimant RMIS, designed to provide real-time risk assessment and response, thus optimizing efficiency and minimizing claim delays for clients.Following the recent Series B funding round, Aclaimant, Inc. plans to leverage the USD 15.000 mn to enhance product innovation, increase hiring across all departments, and accelerate client acquisition strategies. This includes potential expansion into new markets, specifically targeting regions in North America and Europe. The funding will also support sales, marketing initiatives, and partnership development to fortify their market presence.

## Funding rounds

- Series B, Apr 1, 2021, $15M — Mercury, KEC Ventures, Royal Street Ventures, Next Coast Ventures, Aspen Capital Group
- Series A, Jun 29, 2020, $10M — RRE Ventures, Mercury, KEC Ventures, EBSCO Capital, Royal Street Ventures, Aspen Capital Group
- Seed, Feb 15, 2016, $3M — RRE Ventures, KEC Ventures, Royal Street Ventures, SMW Capital

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Seed, Series A
- KEC Ventures (https://capitalatlas.ai/funds/kec-ventures) — Seed, Series A, Series B
- Royal Street Ventures (https://capitalatlas.ai/funds/royal-street-ventures) — Seed, Series A, Series B
- SMW Capital — Seed
- Mercury (https://capitalatlas.ai/funds/mercury) — Series A, Series B
- EBSCO Capital (https://capitalatlas.ai/funds/ebsco-capital) — Series A
- Aspen Capital Group (https://capitalatlas.ai/funds/aspen-capital-group) — Series A, Series B
- Next Coast Ventures (https://capitalatlas.ai/funds/next-coast-ventures) — Series B