OneClick Data raises $7.2 million
OneClick Data, which works with cities and counties across the US to provide insurance and construction companies up-to-date building code documentation, has closed a $7.2 million funding round led by State Farm Ventures, with participation from executives and investors specializing in insurance and claims management, construction cost estimation, construction operations, data acquisition and analytics, generative AI, and enterprise systems and infrastructure.
Founded in 2017, the Colorado-based company now serves more than 1,300 customers including over 40 insurance carriers and suppliers.
OneClick delivers its reports and data through the industry’s “only national database” of residential and commercial building code regulations, project permit requirements, and related information, organized and sorted by controlling jurisdiction, and accessible by street address. The company collects data directly from over 32,000 building departments and governmental agencies throughout the US. The company claims that its database covers more than 99% of all street addresses in the country.
“Today’s investment is a strong endorsement of our vision to become the industry standard for delivering fast and accurate building code requirements, permit requirements, and other critical inputs. By providing insurance carriers and construction professionals with the tools they need to estimate project costs accurately, we enhance efficiency and improve outcomes across the board. Our customers see a substantial return on investment through faster and more accurate cost estimates, improved claims processing productivity, reduced loss adjustment expenses, and, ultimately, more satisfied customers. As we continue to deepen our relationships with insurance and construction leaders, we remain committed to expanding our product offerings and driving value for all stakeholders involved.” – Garrett Kurtt, founder and CEO of OneClick Data.
“OneClick’s reports and data improve claim handling processes, boost adjuster productivity, and better refine project scope. This helps companies like State Farm provide an even better overall claims experience for insurance customers. We are excited to invest in OneClick and believe the company is addressing fundamental challenges in the industry.” – Michael Remmes, vice president for State Farm Ventures.
