About ClaimVantage
ClaimVantage is a company based in Portland (United States) founded in 2005 was acquired by Majesco in January 2021.. ClaimVantage has raised $2.17 million across 1 funding round from investors including Majesco. The company has 47 employees as of December 31, 2022. ClaimVantage operates in a competitive market with competitors including Perfios, ABI Health, Osigu, Eligible and PrecisionGx, among others.
- Headquarter Portland, United States
- Employees 47 as on 31 Dec, 2022
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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 Claimvantage, Inc.
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Funding Insights of ClaimVantage
ClaimVantage has successfully raised a total of $2.17M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.17 million completed in March 2017. 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 1
- Last Round Seed — $2.2M
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First Round
First Round
(28 Mar 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2017 | Amount | Seed - ClaimVantage | 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 ClaimVantage
ClaimVantage has secured backing from 1 investor. Prominent investors backing the company include Majesco. 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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Provider of cloud-based insurance policy management and data analytics solutions for the insurance industry
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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 ClaimVantage
| 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 - ClaimVantage
| 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 |
Claimvantage Comparisons
Competitors of ClaimVantage
ClaimVantage 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 Perfios, ABI Health, Osigu, Eligible and PrecisionGx, 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 |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
AI-driven solutions for healthcare operations are provided.
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| domain | founded_year | HQ Location |
Online claims processing is facilitated for the insurance industry.
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| domain | founded_year | HQ Location |
Cloud-based solutions for insurance claim processing are offered to insurers.
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| domain | founded_year | HQ Location |
AI-based health plan analytics solutions for health insurers
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| domain | founded_year | HQ Location |
Insurance policies and claims are managed via an automated 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 Claimvantage
Frequently Asked Questions about ClaimVantage
When was ClaimVantage founded?
ClaimVantage was founded in 2005 and raised its 1st funding round 12 years after it was founded.
Where is ClaimVantage located?
ClaimVantage is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Is ClaimVantage a funded company?
ClaimVantage is a funded company, having raised a total of $2.17M across 1 funding round to date. The company's 1st funding round was a Seed of $2.17M, raised on Mar 28, 2017.
How many employees does ClaimVantage have?
As of Dec 31, 2022, the latest employee count at ClaimVantage is 47.
What does ClaimVantage do?
ClaimVantage is a provider of automated, cloud-based Life, Health and Absence claims management software solutions for insurance carriers, Third-Party-Administrators (TPAs) and employers, their Software-as-a-Service (SaaS) solutions support both group and individual products, their claims management software solutions are claimant-centric and allow a claim examiner to view all insurance plans for each claimant, including historical claims. Each of their claims management software solutions is hosted on Salesforces secure and Force.com platforms.
Who are the top competitors of ClaimVantage?
ClaimVantage's top competitors include Perfios, ABI Health and Healspan.
Who are ClaimVantage's investors?
ClaimVantage has 1 investor. Key investors include Majesco.
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