About Snapsheet
Snapsheet is a company based in Chicago (United States) founded in 2011 by Brad Weisberg.. Snapsheet has raised $103.27 million across 8 funding rounds from investors including Sedgwick, State Farm and Nationwide. Snapsheet offers products and services including Appraisals, Claims, Payments, and Total Loss. Snapsheet operates in a competitive market with competitors including Boundless Rider, Solera, Claim Genius, Tempcover and Surround Insurance, among others.
- Headquarter Chicago, United States
- Founders Brad Weisberg
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Bodyshopbids, 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
$103.27 M (USD)
in 8 rounds
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Latest Funding Round
$5 M (USD), Series E
Jul 19, 2023
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Investors
Sedgwick
& 15 more
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Employee Count
Employee Count
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Products & Services of Snapsheet
Snapsheet offers a comprehensive portfolio of products and services, including Appraisals, Claims, Payments, and Total Loss. 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.
Software to reduce cycle time and improve accuracy for auto claims.
Modular solutions to simplify end-to-end insurance claims handling.
Tools for effortless automated payments in insurance workflows.
Streamlines total loss vehicle claims from start to finish.
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Funding Insights of Snapsheet
Snapsheet has successfully raised a total of $103.27M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $5 million completed in July 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 8
- Last Round Series E — $5.0M
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First Round
First Round
(29 Aug 2013)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series E - Snapsheet | Valuation | State Farm |
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| Mar, 2021 | Amount | Series E - Snapsheet | Valuation | Ping An , Pivot Investment Partners | |
| May, 2019 | Amount | Series E - Snapsheet | Valuation | Tola Capital |
| 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 Snapsheet
Snapsheet has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include Sedgwick, State Farm and Nationwide. 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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Venture capital is invested in FinTech sectors by the firm.
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Founded Year | Domain | Location | |
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Investment in retail and financial services technologies.
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Founded Year | Domain | Location | |
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Early & Growth stage Tech-focused venture capital firm funding companies in the US, Canada & Europe
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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 Snapsheet
| 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 - Snapsheet
| 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 |
Snapsheet Comparisons
Competitors of Snapsheet
Snapsheet 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 Boundless Rider, Solera, Claim Genius, Tempcover and Surround Insurance, 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 |
Two-wheeler insurance products are provided via an online platform.
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| domain | founded_year | HQ Location |
Integrated automotive software solutions are provided for enhanced efficiency.
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| domain | founded_year | HQ Location |
AI-based claims management is delivered for auto insurance.
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| domain | founded_year | HQ Location |
Short-term auto insurance is distributed via an online platform.
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| domain | founded_year | HQ Location |
Auto insurance solutions are delivered via a cloud-based 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 Snapsheet
Frequently Asked Questions about Snapsheet
When was Snapsheet founded?
Snapsheet was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Snapsheet located?
Snapsheet is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Snapsheet?
Brad Weisberg is the current CEO of Snapsheet. They have also founded this company.
Is Snapsheet a funded company?
Snapsheet is a funded company, having raised a total of $103.27M across 8 funding rounds to date. The company's 1st funding round was a Series E of $29M, raised on Aug 29, 2013.
What does Snapsheet do?
Snapsheet was founded in 2011 in Chicago, United States, within the insurtech sector. Cloud-based software is utilized for managing auto insurance claims, encompassing pre- and post-claim processes, underwriting, tracking, validation, auditing, and expense management. AI-driven tools are provided for appraisals, transactions, rental and asset management, alongside a platform for software integration. A digital payment solution is also included for claims disbursements.
Who are the top competitors of Snapsheet?
Snapsheet's top competitors include Solera, Tempcover and Claim Genius.
What products or services does Snapsheet offer?
Snapsheet offers Appraisals, Claims, Payments, and Total Loss.
Who are Snapsheet's investors?
Snapsheet has 16 investors. Key investors include Sedgwick, State Farm, Nationwide, Intact Ventures, and Ping An.
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