About Accurence
Accurence is a Financial Services company based in Westminster (United States) founded in 2005, and was acquired by Next Gear Solutions in September 2019. Onsite inspections for property insurance claims are automated by Accurence. Accurence has raised $4.49 million across 3 funding rounds from investors including Next Gear Solutions. The company was acqui-hired. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Claims Processing. Its legal entity is Accurence, Inc. Its competitors include NovaData Solutions, Seek Now and ClaimDeck; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Westminster, United States
- Stage Acquired
- SectorsFinancial Services
- Website accurence.com
- Social LinkedIn X Facebook
- Acquired by Next Gear Solutions (Sep 2019)
- Legal Name Accurence, Inc.
- Total Equity Funding$4.49M (USD)
in 3 rounds
- Latest Funding Round$2.4M (USD), Series A
Apr 2014
- Investors
- Acquired byNext Gear Solutions
(Sep 2019)
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 $4.49M
- Total Rounds 3
- Last Round Series A — $2.4M
- First Round $200,000
(Jan 2011)
All 3 funding rounds of Accurence with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2014 | $2.4M | Series A | – | – | – |
| Dec 2011 | $1.89M | Seed | – | – | – |
| Jan 2011 | $200,000 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Accurence
Accurence has secured backing from 1 investor. Prominent investors backing the company include Next Gear Solutions.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Web-based job management tools are supplied to restoration contractors. | 2008 | nextgearsolutions.com | Memphis, United States |
Investor details for Accurence
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Accurence
4 dated milestones of Accurence across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Accurence is founded.
- Funding First funding round of $200K.
- Funding Latest funding round, Series A, of $2.4M.
- Exit Acquired by Next Gear Solutions.
Competitors of Accurence
Accurence has 3 listed competitors in our database, 1 of them funded. They include NovaData Solutions, Seek Now and ClaimDeck.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| novadata-solutions.com | 2021 | Haverford, United States | $4.12M | Automated invoice review and processing for property claims is facilitated. | ||
| seek-now.com | 2012 | Louisville, United States | 130 | Provider of photography, VR floor planning, AI, and interior inspection services | ||
| claim-deck.com | 2020 | Dallas, United States | Litigation management software for insurance claims processing and analytics |
Detailed competitors of Accurence
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- Full competitor set
- Operating metrics
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Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as Accurence (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Related news about Accurence
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Frequently Asked Questions about Accurence
Accurence was founded in 2005 and raised its 1st funding round 6 years after it was founded.
Accurence is headquartered in Westminster, United States.
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 2011.
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.
Accurence's top competitors include Seek Now, NovaData Solutions and ClaimDeck.
Accurence has 1 investor. Key investors include Next Gear Solutions.
Accurence operates through Accurence, Inc..
Yes. Accurence was acquired by Next Gear Solutions in September 2019.