# IMburse

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

- Industry: Financial Services
- Headquarters: Zurich, Switzerland
- Website: www.imbursepayments.com
- Total disclosed funding: $12M
- Latest round: Series A (Jun 22, 2021)
- Investors on record: 9

## About

Based in Switzerland, IMburse AG operates as a technology company that provides integrated payment solutions designed to streamline payment processes in various sectors, particularly for insurers and companies with complex payment needs.IMburse AG, founded in 2015 in Zurich, Switzerland, specializes in payment solutions for the insurance industry. The company has completed a total of 6 deals, with the most recent deal occurring on January 5, 2023. On this date, Duck Creek Technologies, Inc. acquired IMburse AG. This acquisition aims to enhance general insurers' payment capabilities. The founders of IMburse AG include Carl Ca/Sa, David Turner, and Mark Jerome.IMburse AG focuses on providing innovative payment solutions tailored for the insurance sector. Their products enable secure payment acceptance from policyholders and facilitate claims disbursement. These solutions aim to reduce operational challenges and enhance security while offering real-time payment data.IMburse AG generates revenue primarily through a subscription-based model linked to its specialized payment solutions. Its services allow clients, particularly insurance companies, to manage both collections and disbursements effectively through a single contract, fostering flexibility in service delivery.Following the acquisition by Duck Creek Technologies, Inc. on January 5, 2023, IMburse AG is positioned for strategic growth. The acquisition aims to bolster property and liability solutions while enhancing payment capabilities for general insurers. As part of this growth strategy, IMburse AG will focus on developing new products that integrate seamlessly into Duck Creek’s ecosystem, targeting a broader market reach across different geographic regions.

## Funding rounds

- Series A, Jun 22, 2021, $12M — DST Global, Lakestar, Gramercy Venture Advisors, Accenture Technology Ventures, Guidewire Software, Inc., SixThirty, PostFinance, BackBone Ventures, Addition

## Investors

- DST Global (https://capitalatlas.ai/funds/dst-global) — Series A
- Lakestar (https://capitalatlas.ai/funds/lakestar) — Series A
- Gramercy Venture Advisors — Series A
- Accenture Technology Ventures (https://capitalatlas.ai/funds/accenture-technology-ventures) — Series A
- Guidewire Software, Inc. — Series A
- SixThirty (https://capitalatlas.ai/funds/sixthirty) — Series A
- PostFinance — Series A
- BackBone Ventures (https://capitalatlas.ai/funds/backbone-ventures) — Series A
- Addition (https://capitalatlas.ai/funds/addition) — Series A