Claims software provider Snapsheet raises $30M
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Online claims software provider Snapsheet said Thursday that it has raised $30 million in Series E2 financing.
Ping An Global Voyager Fund and Pivot Investment Partners led the investment. The funding brings Chicago-based Snapsheet’s total raised to date to more than $100 million.
Existing investors include Nationwide Mutual Insurance Co. and Liberty Mutual Insurance Co.
In addition, Global Voyager’s chief investment officer, Donald Lacey, will join Snapsheet’s board of directors.
Snapsheet said it has processed more than $7 billion in appraisals for more than 100 clients.
Demand for cloud technologies is higher than ever in the wake of COVID-19, Mr. Lacey said in a statement.
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