Worker compensation InsurTech company ChronWell has secured $2.8m in additional funding. This new investment brings the total injected into the company to $7.8m.
The Fort Lauderdale-based business is going to use the money to scale, focusing on its production, commercialization and investing in its platform ChronWell Recovry.
As a worker compensation insurance startup, ChronWell is focused on providing early interventions and a unified case management experience. It leverages artificial intelligence to achieve this. ChronWell also uses the technology to make risk assessments and evaluate injured workers’ psychological state of mind.
“Patient advocacy and empathy are core components of ChronWell’s service, not just add-ons,”said Joe Rubinsztain, CEO of ChronWell. “By coupling that with our advanced technology, we can ensure early intervention for each case, thus minimizing the impact of workplace accidents for all parties involved.”
Having launched in 2017, the company raised a $4.5m Series A round in 2018.
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