Snapsheet

insurtechclaims

FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 19/01/2021

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About

Snapsheet, previously known as BodyShopBids, is a free app for iPhone, Android and the Web that allows users to receive bids from local autobody shops. Snapsheet is the industry's first mobile insurance claims solution, currently working with the top insurance carriers in the country. Snapsheet's patent pending technology streamlines the fragmented claims process of obtaining an estimate and settling a claim.

MEDICI Analysis

Snapsheet, previously known as BodyShopBids, is a digital platform that allows users to receive bids from local autobody shops for their damages. It offers a mobile insurance claims solution, that is working with auto insurance carriers and helping them to streamline their claims process of obtaining an estimate and settling a claim.

Focus

PRODUCTS & SERVICES

Snapsheetoffers a self-service mobile claims solution that enable the customers to obtain an estimate and settle the claim through their smartphone. The claim solution enable users to settle their claims virtually.It offers a mobile application that surveys the vehicle damage and serves as a virtual appraiser. Additionally, it provides a dedicated shop support team that communicates with shops, adjusters, and customers to help them repair their damaged car.

MAIN CLIENTS

Insurance Companies

Retail Vehicle Owners and Repair facilities

EXISTING PARTNERSHIPS

Snapsheet has partnered with KeyCorp to broadens their platform and increases its capabilities.

PRIMARY PROBLEM SOLVED

Provide seamless and transparent process to its users with full mobile claim solutions.

COMMENT

Snapsheet utilizes proprietary technology to optimize virtual claims operations.

People

FOUNDERS

Brad Weisberg

BOARD MEMBERS AND ADVISORS

Dennis Chookaszian

Howard Tullman

Sheila Gulati

Vic Pascucci

Ben Malka

NUMBER OF EMPLOYEES

201-500

INVESTORS:

500 Startups

Commerce Ventures

Eight Roads Ventures

F-Prime Capital

FPrime Capital Partners

G2T3V

IA Capital Group

Liberty Mutual

Lightbank

Montage Ventures

OCA Ventures

Pritzker Group

Sedgwick Claims Management Services

Tola Capital

USAA

Fosun RZ Capital

Intact Financial Corporation

Liberty Mutual Strategic Ventures

Liberty Mutual Insurance

Nationwide Ventures

State Auto Labs

KEY EMPLOYEES:

Brad Weisberg (CEO)

Andy Cohen (COO)

Sarah Doll (CPO)

Dan Colomb (CTO)

CJ Przybyl

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

6

TOTAL FUNDING

$66.83 M

DATE OF LAST FUNDING

May 2019

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company is planning use its funds to further accelerate the development of its mobile-first, data-centric, and AI-enabled virtual claims platform and expand sales, marketing and customer engagement functions. (June 2017)

ESTIMETED REVENUE RANGE

$1M to $10M

SEED & PRIOR FUNDING

$250 K

SEED CLOSED ON

Sep 2012

FUNDING SERIES

SERIES A  · $228 K  · Jun 2011

SERIES B  · $6.2 M  · Apr 2014

SERIES C  · $19.5 M  · Dec 2016

SERIES D  · $12 M  · May 2017

SERIES E  · $28.66 M  · May 2019

LISTED

NO

COMMENT

An undisclosed fund raised in Dec 2017 and undisclosed venture fund raised in Dec 2014.

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

7,249

AVERAGE VISITS (6 MONTHS)

4,329

MONTHLY VISITS GROWTH

62.29%

VISIT DURATION

21

VISIT DURATION GROWTH

-77.86%

PAGE VIEWS VISIT

2.49

PAGE VIEWS VISIT GROWTH

2.73%

BOUNCE RATE

26%

BOUNCE RATE GROWTH

-8.76%

GLOBAL TRAFFIC RANK

1,731,691

MONTHLY RANK CHANGE

-1,570,197

MONTHLY RANK GROWTH

-47.55%

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Snapsheet

About

Snapsheet, previously known as BodyShopBids, is a free app for iPhone, Android and the Web that allows users to receive bids from local autobody shops. Snapsheet is the industry's first mobile insurance claims solution, currently working with the top insurance carriers in the country. Snapsheet's patent pending technology streamlines the fragmented claims process of obtaining an estimate and settling a claim.

Focus

PRODUCTS & SERVICES

Provide claim services to insurance carriers, insurance customers and repair facilities.

TOP PROBLEM SOLVED

Provide seamless and transparent process to its users with full mobile claim solutions.

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

People

NUMBER OF EMPLOYEES

11-50

BOARD MEMBERS AND ADVISORS:

Brad Keywell, Howard Tullman, Dennis Chookaszian

INVESTORS:

Commerce Ventures

Lightbank

OCA Ventures

Pritzker Group Venture Capital

USAA

Momentum

FUNDED

YES

TOTAL FUNDING:

$11 M

LISTED

NO

FUNDING SERIES

SERIES A  · $1 M  · ---

SERIES B  · $10 M  · ---