Aclaimant raises $10 million in Series A financing to accelerate workplace safety
Aclaimant , an insight-driven workflow platform for safety and risk management, today announced it has raised $10 million in Series A funding led by Mercury Fund.
This brings the company’s total funds raised to nearly $13 million, with a seed round of $2.9 million secured in 2017. Additional investors for the Series A financing include Royal Street Ventures, EBSCO Capital, KEC Ventures, RRE Ventures, and Aspen Capital Group.
Aclaimant was founded on the belief that organizations can reduce their cost of risk while providing a safe environment for employees. Aclaimant proactively uncovers problems to fundamentally change the way organizations manage risk. By combining insurance industry experts with innovative technology solutions, Aclaimant improves risk and claims management processes for all businesses. Aclaimant caters to multiple industries, including construction, manufacturing, staffing, real estate, and hospitality.
With fresh capital, Aclaimant plans to accelerate client acquisition and sales as well as marketing and partnership development. The company also plans to invest in product innovation and enhancements focused on data, compliance, and design. Aclaimant continues to add key talent across the risk management spectrum to grow and expand its in-house subject matter expertise.
The senior management team, including co-founders Wald, Joel Friedman, and Michael Schultz, will continue to lead the company. They are joined by Adrian Fortino, Managing Director at Mercury Fund, and Laura Brady, Managing Director at Royal Street Ventures, as members of the Board of Directors.