Snapsheet nabs $20m to help insurers

Auto insurance software maker Snapsheet has raised $20m in a Series C round led by F-Prime Capital and IA Capital Group.

Strategic investment also came from Liberty Mutual Strategic Ventures and Intact Venture.

The Chicago-based company’s technology is designed to allow insurance firms to track and manage customer experiences and adapt to customers’ need through the process.

Snapsheet currently serves 35 insurance companies with Motromile and Turo recently joining its list of clients.

The company says it will use the capital to license its claims processing technology and self-serving applications directly to insurance carriers.

Snapsheet CEO Brad Weisberg said, “The auto insurance industry is desperate for an accurate, customer-centric solution.

“We give carriers access to a combination of customer lifecycle data and virtual claims processing technology that makes a uniquely customized experience attainable.”

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