About ClaimVantage
ClaimVantage is a Financial Services company based in Portland (United States) founded in 2005, and was acquired by Majesco in January 2021. It operates as an automated claim technology solutions provider. ClaimVantage has raised $2.17 million across 1 funding round from investors including Majesco. The company has 47 employees. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Claims Processing. Its legal entity is CLAIMVANTAGE, INC. Its competitors include Perfios, ABI Health, Osigu, Eligible and PrecisionGx and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Portland, United States
- Employees 47
- Stage Acquired
- SectorsFinancial Services
- Website claimvantage.com
- Social LinkedIn X Facebook
- Acquired by Majesco (Jan 2021)
- Legal Name Claimvantage, Inc.
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 $2.17M
- Total Rounds 1
- Last Round Seed — $2.17M
- First Round $2.17M
(Mar 2017)
All 1 funding rounds of ClaimVantage 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 |
|---|---|---|---|---|---|
| Mar 2017 | $2.17M | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in ClaimVantage
ClaimVantage has secured backing from 1 investor. Prominent investors backing the company include Majesco.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of cloud-based insurance policy management and data analytics solutions for the insurance industry | 2015 | majesco.com | Morristown, United States |
Investor details for ClaimVantage
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- Complete investor list
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Timeline of ClaimVantage
3 dated milestones of ClaimVantage across 16 years, from founding to its latest funding, stage changes and deals.
- Founded ClaimVantage is founded.
- Funding First funding round of $2.2M.
- Exit Acquired by Majesco.
Competitors of ClaimVantage
ClaimVantage has 8 listed competitors in our database, 8 of them funded. They include Perfios, ABI Health, Osigu, Eligible and PrecisionGx, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.77M | – | Provides financial technology solutions for data analysis and verification globally. | |
| abi-health.com | 2013 | Bengaluru, India | $16.18M | 82 | AI-driven solutions for healthcare operations are provided. | |
| osigu.com | 2015 | Guatemala | $45.21M | – | Online claims processing is facilitated for the insurance industry. | |
| eligible.com | 2011 | San Francisco, United States | $27.88M | 11 | Cloud-based solutions for insurance claim processing are offered to insurers. | |
| precision-gx.com | 2015 | Philadelphia, United States | $3.05M | – | AI-based health plan analytics solutions for health insurers | |
| healspan.com | 2022 | Bengaluru, India | $440,587 | 41 | Insurance policies and claims are managed via an automated platform. | |
| i3systems.ai | 2016 | Mumbai, India | $3.97M | 29 | Claims processing is automated by AI in the health sector. | |
| flexminder.com | 2011 | Chicago, United States | $2.77M | 374 | Healthcare reimbursement processes are automated for claims submission. |
Detailed competitors of ClaimVantage
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of ClaimVantage
The website of ClaimVantage (claimvantage.com) receives about 2.5K visits a month.
- Monthly visits2.5K
▲ 117.2% vs previous month
Websites whose visitors overlap most with ClaimVantage. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| jdidata.com | 100% | 680.7K | – | View details | |
eqiss.com | eqiss.com | 100% | – | – | – |
| claimforce.com | 100% | – | – | View details | |
| mitratech.com | 95% | 154.9K | #290,492 | View details | |
| powerclaim.com | 91% | – | #13,633,544 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for ClaimVantage
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- 14 similar websites
- Audience overlap
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Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as ClaimVantage (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
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 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Related news about Claimvantage
Complete news archive for ClaimVantage
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Frequently Asked Questions about ClaimVantage
ClaimVantage was founded in 2005 and raised its 1st funding round 12 years after it was founded.
ClaimVantage is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
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 2017.
ClaimVantage has 47 employees.
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.
ClaimVantage's top competitors include Perfios, ABI Health and Healspan.
ClaimVantage has 1 investor. Key investors include Majesco.
ClaimVantage operates through Claimvantage, Inc..
Yes. ClaimVantage was acquired by Majesco in January 2021.