# Settle Smart

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/settle-smart

- Industry: Software
- Headquarters: Edmonton, Canada
- Website: www.painworth.com
- Total disclosed funding: $1.7M
- Latest round: Seed (Jan 17, 2022)
- Investors on record: 4

## About

Based in Edmonton, Canada, and founded in 2019, Settle Smart Ltd., trading as PainWorth operates as legal services application that uses AI to automate personal injury claims for injury victims. Mike Zouhri and Chris Trudel are the co-founders of the company. In January 2022, Settle Smart Ltd. raised CAD 2.1 million in Seed funding led by 2048 Ventures including Mistral Venture Partners and Panache Ventures.

The company provides a platform that is a fully automated tool that helps to calculate the potential value of personal injury claims, car accident settlements, medical malpractice lawsuits, slip and fall injuries or tripping injury, assault, and battery injury. The firm helps to start, calculate, manage and settle users' claims that are powered by AI and automation.

The enterprise generates revenue through its professional plans including a month-to-month plan at USD 499 per claim, a growth plan at USD 250 per claim, and an enterprise plan.

The organization plans to use the January 2022 funding to expand its team and improve claims estimation technology to accident victims, insurers, and claims adjusters across Canada and USA.

## Funding rounds

- Seed, Jan 17, 2022, $1.7M — Oliveira Trust, Mistral Venture Partners, Panache Ventures, 2048 Ventures

## Investors

- Oliveira Trust — Seed
- Mistral Venture Partners (https://capitalatlas.ai/funds/mistral-venture-partners) — Seed
- Panache Ventures (https://capitalatlas.ai/funds/panache-ventures) — Seed
- 2048 Ventures (https://capitalatlas.ai/funds/2048-ventures) — Seed