# claimsforce

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

- Industry: Insurance
- Headquarters: Hamburg, Germany
- Website: www.claimsforce.com
- Total disclosed funding: $8.3M
- Latest round: Series A (Aug 18, 2020)
- Investors on record: 4

## About

Claimsforce GmbH is a Hamburg-based company specializing in advanced claim management solutions that optimize processes for insurance and legal sectors, enhancing efficiency and customer service through innovative software integration.Founded in 2018 in Hamburg, Germany, Claimsforce GmbH focuses on developing claim management solutions. The company has successfully completed 3 deals, with its latest funding round being a Series A that raised EUR 7 million on August 18, 2020, led by Notion Capital and supported by investors such as Fly Ventures, La Famiglia, and Point Nine Capital. Nils M serves as CEO, while Bastian Ebel is also a founder.Claimsforce specializes in advanced claim management solutions designed to streamline processes for insurance providers, legal firms, and corporate clients dealing with claims-related activities. Their primary offerings include a robust software platform that integrates artificial intelligence to enhance claim processing efficiency, reduce fraud, and improve customer service. The system automates various functions such as document management, communication tracking, and analytics, with the aim of decreasing turnaround times and increasing accuracy in claims handling. Claimsforce's solutions are utilized by a diverse clientele, including insurance companies and corporate risk management divisions, particularly in North America and Europe, where they address prevalent issues in claims processing and customer satisfaction.Claimsforce generates revenue primarily through a subscription-based model, providing clients with tiered access to their software solutions based on user needs and organizational size. This model allows for scalability as clients can adjust their subscription levels according to their operational requirements. Transactions typically involve annual or monthly fees for access to the platform, with additional charges for premium features such as advanced analytics and custom integrations. The company also engages in strategic partnerships with insurance and legal firms, enhancing their client offerings and creating additional revenue streams through collaborative innovations. Claimsforce's flagship services are positioned to deliver value to clients by optimizing claims processes and enhancing overall operational efficiencies.With the recent funding of EUR 7 million from its Series A round, Claimsforce GmbH plans to enhance its product offerings and expand into new markets. The company is focusing on the development of new software features that leverage artificial intelligence, with several products slated for release by the end of 2021. Additionally, Claimsforce aims to establish a presence in key markets across Europe and North America, leveraging its recent capital to support these initiatives.

## Funding rounds

- Series A, Aug 18, 2020, $8.3M — Notion Capital, Point Nine, Fly Ventures, La Famiglia
- Seed, Sep 6, 2019 — La Famiglia
- Seed, Jul 1, 2018 — Point Nine, Fly Ventures

## Investors

- Point Nine (https://capitalatlas.ai/funds/point-nine) — Seed, Series A
- Fly Ventures (https://capitalatlas.ai/funds/fly-ventures) — Seed, Series A
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Seed, Series A
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series A