# RightIndem

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

- Industry: Software
- Headquarters: Nottingham, UK
- Website: www.rightindem.com
- Total disclosed funding: $1M
- Latest round: Seed (Nov 1, 2016)
- Investors on record: 3

## About

RightIndem Limited offers innovative digital claims management solutions that enhance the insurance claims process for clients and insurers alike through an advanced online platform.Founded in 2016 in Nottingham, UK, RightIndem Limited specializes in digital claims management solutions for the insurance industry. The company has successfully completed 7 deals, with the most recent funding round occurring on April 2, 2024, where it raised GBP 1 million from 1818 Venture Capital. The firm is led by CEO Oliver McGuinness and was founded by Graham Blaney.RightIndem specializes in digital claims management solutions aimed at enhancing the experience for insurers and their clients. The company’s core product is an advanced digital claims platform that allows claimants to report and manage claims online, available 24/7 and compatible with any device. The platform streamlines the claims process by offering a user-friendly interface that mimics popular messaging and social media applications, making it more accessible for users. This technology is particularly beneficial for insurers looking to optimize the claims lifecycle, reduce call center traffic, and improve operational efficiency. RightIndem’s services are primarily targeted at insurance providers across various regions, including the UK, Europe, and Asia, catering to claims related to motor, gadget, and other personal insurance lines.RightIndem generates revenue through a subscription-based model, providing access to its digital claims platform for insurance companies and their clients. Clients typically engage in partnerships where they pay for the platform's use, which includes features such as claims reporting, processing, and integration with third-party suppliers. The company's pricing structure is designed to cater to different insurer needs, with options for customizable services to enhance user experience and operational efficiency. By facilitating a seamless claims process, RightIndem enhances their clients' service offerings, thus positioning itself as a crucial partner in the insurance technology landscape. The transactions primarily occur in a B2B framework, with insurers utilizing RightIndem's platform to improve their claims handling capabilities.In April 2024, RightIndem Limited raised GBP 1 million in venture funding from returning investor 1818 Venture Capital, which will support the development of new products aimed at further enhancing their digital claims platform. The company plans to expand into new markets in Europe and Asia by the end of 2025, with a focus on increasing their client base among insurers in these regions.

## Funding rounds

- Seed, Nov 1, 2016, $0.9M — InsurTech Venture Partners, Eos Ventures
- Seed, Jan 11, 2016, $0M — Startupbootcamp

## Investors

- Startupbootcamp (https://capitalatlas.ai/funds/startupbootcamp) — Seed
- InsurTech Venture Partners (https://capitalatlas.ai/funds/insurtech-venture-partners) — Seed
- Eos Ventures (https://capitalatlas.ai/funds/eos-ventures) — Seed