About Accurence
Accurence is a company based in Westminster (United States) founded in 2005 was acquired by Next Gear Solutions in September 2019.. Accurence has raised $4.49 million across 3 funding rounds from investors including Next Gear Solutions. Accurence operates in a competitive market with competitors including Klaim, NovaData Solutions, Seek Now, ClaimDeck and Yarowa, among others.
- Headquarter Westminster, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Accurence, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.49 M (USD)
in 3 rounds
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Latest Funding Round
$2.4 M (USD), Series A
Apr 14, 2014
- Investors
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Employee Count
Employee Count
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Acquired by
Next Gear Solutions
(Sep 05, 2019)
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Funding Insights of Accurence
Accurence has successfully raised a total of $4.49M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.4 million completed in April 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $2.4M
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First Round
First Round
(06 Jan 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Series A - Accurence | Valuation |
investors |
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| Dec, 2011 | Amount | Seed - Accurence | Valuation |
investors |
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| Jan, 2011 | Amount | Seed - Accurence | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Accurence
Accurence has secured backing from 1 investor. Prominent investors backing the company include Next Gear Solutions. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Web-based job management tools are supplied to restoration contractors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Accurence
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Accurence
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Accurence Comparisons
Competitors of Accurence
Accurence operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Klaim, NovaData Solutions, Seek Now, ClaimDeck and Yarowa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based claims management software is offered to healthcare professionals.
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| domain | founded_year | HQ Location |
Automated invoice review and processing for property claims is facilitated.
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| domain | founded_year | HQ Location |
Provider of photography, VR floor planning, AI, and interior inspection services
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| domain | founded_year | HQ Location |
Litigation management software for insurance claims processing and analytics
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| domain | founded_year | HQ Location |
Vendors and solutions are aggregated via Yarowa's digital transaction platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Accurence
Frequently Asked Questions about Accurence
When was Accurence founded?
Accurence was founded in 2005 and raised its 1st funding round 6 years after it was founded.
Where is Accurence located?
Accurence is headquartered in Westminster, United States.
Is Accurence a funded company?
Accurence is a funded company, having raised a total of $4.49M across 3 funding rounds to date. The company's 1st funding round was a Seed of $200K, raised on Jan 06, 2011.
What does Accurence do?
Accurence was founded in 2005 in Westminster, United States, as a software-as-a-service provider in the property insurance sector. Onsite inspection and scope automation for wind and hail claims are facilitated through mobile devices and a private cloud-based rules engine. Two products are offered: SettleAssist for insurance carriers and adjusters, and ScopeAssist for roofing contractors. Data from inspections is transmitted wirelessly to the engine for automated processing within 90 seconds.
Who are the top competitors of Accurence?
Accurence's top competitors include Klaim, Seek Now and NovaData Solutions.
Who are Accurence's investors?
Accurence has 1 investor. Key investors include Next Gear Solutions.
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