About - Vericlaim
- Vericlaim is a company based in Naperville (United States) founded in 1918 was acquired by Sedgwick in September 2014.. - Vericlaim has completed 4 acquisitions, including Diamond Property Loss Solutions, Farrell Associates and First Choice Repair.
- Headquarter Naperville, United States
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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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Latest Funding Round
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Investors
Sedgwick
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Diamond Property Loss Solutions
& 3 more
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Acquired by
Sedgwick
(Sep 17, 2014)
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Funding Insights of - Vericlaim
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2011 | Amount | Private Equity Round - - Vericlaim | Valuation |
investors |
| 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 - Vericlaim
- Vericlaim has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Sedgwick and Flexpoint Ford. 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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Private equity firm focused on financial services and healthcare companies
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Founded Year | Domain | Location | |
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Claims administration, loss adjusting, and benefits management services are provided.
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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 - Vericlaim
- Vericlaim has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Diamond Property Loss Solutions, Farrell Associates and First Choice Repair. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Insurance claim processing services for property losses are provided.
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2016 | ||||
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Property repair and maintenance services are provided for various needs.
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2003 | ||||
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Personal and commercial insurance services are provided by Farrell Associates.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - - Vericlaim
| 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 |
- Vericlaim Comparisons
Competitors of - Vericlaim
| 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 - Vericlaim
When was - Vericlaim founded?
- Vericlaim was founded in 1918 and raised its 1st funding round 93 years after it was founded.
Where is - Vericlaim located?
- Vericlaim is headquartered in Naperville, United States. It is registered at Naperville, Illinois, United States.
Who is the current CEO of - Vericlaim?
Thomas Simoncic is the current CEO of - Vericlaim.
What does - Vericlaim do?
VeriClaim was founded in 1918 and operates as a global provider of loss adjusting, claims management, and third-party administration services within the insurance sector. Risk is managed and controlled for insurance companies, corporations, public entities, and brokers. Services cover areas such as property, marine, and travel. The company is headquartered in Naperville, United States, with worldwide operations.
How many acquisitions has - Vericlaim made?
- Vericlaim has made 4 acquisitions, including Diamond Property Loss Solutions, Farrell Associates, and First Choice Repair.
Who are - Vericlaim's investors?
- Vericlaim has 2 investors. Key investors include Sedgwick, and Flexpoint Ford.
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