About Openclaims
Openclaims is a company based in Amsterdam (Netherlands) founded in 2015.. Openclaims has raised $1.85 million across 1 funding round from investors including Knight Capital, Velocity Capital Fintech Ventures and Tablomonto. Openclaims offers products and services including Repair Manager and Claims Manager. Openclaims operates in a competitive market with competitors including SchadeApp, among others.
- Headquarter Amsterdam, Netherlands
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.85 M (USD)
in 1 rounds
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Latest Funding Round
$1.85 M (USD), Seed
Oct 18, 2023
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Investors
Knight Capital
& 3 more
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Employee Count
Employee Count
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Products & Services of Openclaims
Openclaims offers a comprehensive portfolio of products and services, including Repair Manager and Claims Manager. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates repair distribution and cost control for networks.
Streamlines claims workflows and improves processing accuracy.
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Funding Insights of Openclaims
Openclaims has successfully raised a total of $1.85M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.85 million completed in October 2023. 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 — $1.8M
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First Round
First Round
(18 Oct 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - Openclaims | Valuation | Knight Capital , Velocity Capital Fintech Ventures |
| 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 Openclaims
Openclaims has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Knight Capital, Velocity Capital Fintech Ventures and Tablomonto. 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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Knight Capital is engaged in investing in enterprise software companies.
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Founded Year | Domain | Location | |
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Fintech companies are funded by Velocity Capital Fintech Ventures.
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Founded Year | Domain | Location | |
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Venture capital investments are made in tech for good startups by Tablomonto.
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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 Openclaims
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Openclaims
| 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 |
Openclaims Comparisons
Competitors of Openclaims
Openclaims 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 SchadeApp, 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 a user-friendly platform for filing auto insurance claims.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Openclaims
When was Openclaims founded?
Openclaims was founded in 2015 and raised its 1st funding round 8 years after it was founded.
Where is Openclaims located?
Openclaims is headquartered in Amsterdam, Netherlands.
Is Openclaims a funded company?
Openclaims is a funded company, having raised a total of $1.85M across 1 funding round to date. The company's 1st funding round was a Seed of $1.85M, raised on Oct 18, 2023.
What does Openclaims do?
Openclaims was established in 2015 in Amsterdam, Netherlands. An online system is operated for handling auto insurance claims within the insurance sector. Assistance is provided to insurers, leasing companies, and fleet owners in processing user claims. Settlements are facilitated cost-effectively via the companys integrated car damage repair network. Core activities center on streamlining claim management processes geographically based in Europe.
Who are the top competitors of Openclaims?
Openclaims's top competitors include SchadeApp.
What products or services does Openclaims offer?
Openclaims offers Repair Manager and Claims Manager.
Who are Openclaims's investors?
Openclaims has 4 investors. Key investors include Knight Capital, Velocity Capital Fintech Ventures, Tablomonto, and Jeroen Morrenhof.