Aclaimant secured $10 million in Series A funding round from Mercury Fund

Aclaimant, a Chicago based insight-driven workforce platform for safety and risk management, has now secured $10 million in Series A funding round.

Aclaimant is founded by David Wald. It offers an insight-driven workflow solution for safety and risk management. It improves risk and claims management processes for all businesses. 

David Wald, CEO, and co-founder at Aclaimant, said, "Now more than ever, organizations must create cultures of workplace safety. Aclaimant fosters this by engaging the employee, employer, and insurance carrier in making workplace incidents everyone's responsibility. With the new funding, we're excited to work closely with our customers to prioritize safety by providing a workflow that allows employees and employers to report and streamline insurance claims on-the-go."

Adrian Fortino, Managing Director at Mercury Fund, said, "The future of the insurtech and risk management industry has a lot to benefit from increased use of automated workflows and enhanced user experience. We're excited to partner with Aclaimant and help them capitalize on this incredible opportunity. In this time of COVID-19, we are now in uncharted territory for the enterprise. A complete risk management workflow platform like Aclaimant is critical for both the 'back-to-work' dynamic and the post COVID focus on corporate risk management and tracking."

The latest funding round brings total funds secured to $13 Million. The Mercury Fund led the funding round. Other investor participants include EBSCO Capital, Aspen Capital Group, Royal Street Ventures, and KEC Ventures.

The company, as of now, has plans to use the new funds to accelerate client acquisition, sales & marketing, partnership development and to invest in product innovation, notes the announcement.

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