Snapsheet Secures $10 Million in Funding, Hires Executive
Dec. 9, 2013—Snapsheet, a mobile application suite that helps insurers with the vehicle estimating process, announced $10 million in second-round financing last week.
Snapsheet aims to reduce the cycle time and cost per claim through estimation by photo.
In addition to securing funding, the Chicago-based company also announced the hiring of David Bauer, a 30-year insurance technology industry veteran, as its chief operating officer.
"For the past two years, Snapsheet has alleviated a pain point for insurance carriers by simplifying and speeding up the claims process, and this new round of funding will help us continue to innovate," said Brad Weisberg, co-founder of Snapsheet. "With David's expertise, we can scale even more rapidly and add more insurance companies to our app portfolio."
Snapsheet plans to use the $10 million in funding to add technology and insurance talent to its growing team in Chicago.