State Farm backs Snapsheet

Snapsheet , a cloud-native claims management software provider, announced a strategic investment from State Farm Ventures . S&P records indicate that the amount is $5 million.

Founded in 2010, the Chicago-based company offers a claims platform for personal and commercial lines of insurance. It works with over 140 insurance carriers, MGAs, TPAs, and self-insured entities in the United States, Canada, and Europe.

“This investment solidifies Snapsheet’s position as an industry leader and highlights State Farm’s commitment to fostering digital innovation within the insurance claims landscape. We’re eager to bring innovation to the insurance claims process and are deeply committed to making claims simpler for both carriers and their policyholders. Our focus is on improving customer experiences by providing insurance carriers with technology to drive automation, reduce costs, and improve accuracy.” – Snapsheet CEO & Founder, Brad Weisberg.

“State Farm Ventures has been tracking Snapsheet for a while and is pleased to invest in them as a differentiated claims technology company. Snapsheet has been a trusted relationship for a number of years, and this investment demonstrates State Farm’s commitment to customer-centric solutions that help drive innovation and streamline the claims process.” – Michael Remmes, VP of State Farm Ventures.