# Digital Claim Management

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/digital-claim-management

- Industry: Insurance
- Headquarters: Vienna, Austria
- Website: www.digitalclaim.de
- Total disclosed funding: $0.1M
- Latest round: Seed (Jan 1, 2018)
- Investors on record: 1

## About

Digital Claim Management GmbH specializes in digital claims processing solutions, providing innovative software that enhances efficiency for insurance companies and service providers in managing claims.Digital Claim Management GmbH was founded in 2017 and is headquartered in Vienna, Austria. The company focuses on developing technology to help insurance firms manage digital claims. The founders, Andreas Sernetz and Karl Prinzhorn, have experience in technology and claims management. In January 2018, the firm raised USD 0.15 million in Seed funding led by Quake Capital Partners, bringing the total amount raised to USD 0.15 million.DigitalClaim specializes in providing comprehensive solutions for the management and processing of digital claims. Their core product offering includes a sophisticated claims management platform designed to streamline the claims process for insurance companies and service providers. This platform enables users to efficiently submit, track, and manage claims, ultimately enhancing operational efficiency and customer satisfaction. The end use cases primarily address the challenges associated with claims processing, aiming to reduce turnaround times and improve accuracy in claims handling. DigitalClaim serves a diverse client base, including insurance firms and service providers across various sectors, with a geographical market focus that spans Europe and North America.DigitalClaim generates revenue through a subscription-based model for its flagship claims management platform. Clients, primarily insurance companies, engage with the firm to integrate its technology into their existing systems, paying a regular fee for access to the platform, which includes ongoing support and updates. Additionally, partnerships with various service providers may involve revenue-sharing arrangements, where fees are based on the volume of claims processed through the platform. This structured approach allows clients to scale their use of DigitalClaim’s services according to their operational needs, ensuring a steady revenue flow for the company. The pricing structure is designed to accommodate businesses of different sizes, providing tailored solutions that align with their specific requirements.Digital Claim Management GmbH plans to leverage its recent Seed funding of USD 0.15 million raised in January 2018 to enhance its product offerings and expand into new markets. The funds will be primarily allocated towards the development of new features in their claims management platform, with a focus on improving user experience and expanding integration capabilities. Additionally, the company is targeting expansion into North American markets by the end of 2023, aiming to establish a stronger presence in the region to better serve local clients.

## Funding rounds

- Seed, Jan 1, 2018, $0.1M — Quake Capital Partners

## Investors

- Quake Capital Partners (https://capitalatlas.ai/funds/quake-capital-partners) — Seed