# ClaimCompass

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

- Industry: Consumer Services
- Headquarters: Mountain View, US
- Website: http://www.claimcompass.eu
- Total disclosed funding: $1.6M
- Latest round: Seed (Aug 22, 2019)
- Investors on record: 7

## About

ClaimCompass, Inc. is a compensation service provider that assists air passengers in claiming compensation for flight disruptions, such as delays and cancellations, through an efficient and user-friendly claims process.ClaimCompass, Inc. was founded in 2015 and is headquartered in Mountain View, US. The company specializes in helping air passengers navigate the claims process for flight disruptions. The founders, Alexander Sumin, Tatyana Mitkova, and Velizar Shulev, established the firm to simplify the compensation claiming process for travelers. The latest funding round was a Seed round, raising USD 1.3 mn, with investments from Global Edge Software, Good News Ventures, McNamara Family Investments, Rambleside Real Estate Capital, and Telegraph Hill Capital. ClaimCompass has completed a total of 4 deals to date.ClaimCompass, Inc. focuses on providing compensation services for air passengers affected by flight disruptions, including delays and cancellations. The company simplifies the claims process, allowing customers to claim compensation of up to USD 650 based on flight distance. With a diverse client base that includes individual travelers, families, and corporate clients across the United States, Europe, and other international markets, ClaimCompass has assisted over 20 million customers in understanding and exercising their rights regarding air travel regulations.ClaimCompass generates revenue through a success-based fee structure, charging a 35% commission on compensation secured for clients. The process involves direct engagement with consumers who submit claims for compensation after experiencing flight disruptions. ClaimCompass manages the entire claims process, from documentation to negotiation with airlines, ensuring a straightforward experience for clients. This revenue model incentivizes the company to work diligently on behalf of its clients, with additional services offered to enhance revenue potential.ClaimCompass is focused on expanding its service offerings and geographic reach. Future growth plans include the potential launch of new products designed to enhance customer experience, with specific release dates yet to be determined. The company aims to expand into new markets, particularly targeting regions where air travel disruptions are prevalent, and anticipates using the recently raised funding of USD 1.3 mn to support these initiatives. With recent stakeholders such as Hustle Fund, Social Capital, Global Edge Software, and Rambleside Real Estate Capital exiting their stakes, the company is poised for strategic growth.

## Funding rounds

- Seed, Aug 22, 2019, $1.3M — Telegraph Hill Capital, Global Edge Software, Good News Ventures, McNamara Family Investments, Rambleside Real Estate Capital
- Seed, Jun 17, 2019 — Telegraph Hill Capital, Good News Ventures
- Seed, Nov 16, 2017, $0.3M — Social Capital, Hustle Fund

## Investors

- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed
- Telegraph Hill Capital (https://capitalatlas.ai/funds/telegraph-hill-capital) — Seed
- Good News Ventures (https://capitalatlas.ai/funds/good-news-ventures) — Seed
- Global Edge Software — Seed
- McNamara Family Investments (https://capitalatlas.ai/funds/mcnamara-family-investments) — Seed
- Rambleside Real Estate Capital — Seed