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FT Partners Advises Snapsheet on its $30,000,000 Series E2 Financing

Overview of Transaction

  • On March 25, 2021, Snapsheet announced its $30 million Series E2 financing round led by Ping An Global Voyager Fund and Pivot Investment Partners
  • Existing investors include Nationwide, Liberty Mutual, Intact Ventures, Tola Capital, and Commerce Ventures, among others
  • Headquartered in Chicago, IL, Snapsheet is a leader in cloud-native claims management software for insurance carriers, third-party administrators, insureds and vendors
  • Since its founding in 2010, Snapsheet has used its technology to digitize and automate the claims workflows for over 100 clients and their customers, processing millions of claims and more than $7 billion in appraisals

Significance of Transaction

  • This funding will allow Snapsheet to accelerate growth and add new functionality to its cloud native end-to-end claims management platform
  • To fuel further product development and extend awareness, Snapsheet will use the funds to make key hires across engineering and sales teams
  • With this round, Snapsheet has raised more than $100 million in financing

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Snapsheet and its board of directors
  • FT Partners previously advised Snapsheet on its $29 million Series E financing in 2019
  • This transaction underscores FT Partners’ deep InsurTech domain expertise and its successful track record generating highly favorable outcomes for high growth FinTech companies globally