Reserv Secures $25M Series B Funding for Expansion

Reserv Secures $25M Series B Funding for Expansion

Reserv, Inc. has raised $25 million in a Series B funding round led by Flourish Ventures, with participation from BCV, Altai Ventures, and Accenture Ventures.

Reserv, Inc. has raised $25 million in a Series B funding round, announced in a press release. The round was led by Flourish Ventures, with participation from BCV, Altai Ventures, and Accenture Ventures. This brings Reserv's total funding to $55 million.

Reserv, a tech-enabled third-party administrator, has been experiencing rapid growth, achieving triple-digit year-over-year revenue increases for two consecutive years. The company supports over 80 MGA clients and 20 carriers across various property and casualty lines of business.

The new funding will be used to enhance claims automation models, accelerate integrations, and develop new non-claim modules. These advancements aim to improve the customer and claimant experience, as well as enhance Reserv's adjuster tools.

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