Insuretech Innovator, Five Sigma, Raises $12 Million To Accelerate Growth And Expansion Plans

Sep 13, 2021•almost 4 years ago

Amount Raised

$12 Million

Tel Aviv

Description

Five Sigma, an industry leading claims platform provider, has raised $12M in a Series A round led by 83North and featuring existing investors F2 Venture Capital and Pipeline Capital. New investors include Eyal Ofer’s O.G. Tech, Xceedance and iGlobe Partners. This brings the company’s total funding to date to $18M.

Company Information

Company

Five Sigma

Location

Tel Aviv, Tel-Aviv District, Israel

About

Five Sigma was founded in 2017. It is developing and delivering an end-to-end claims management platform for the P&C personal and commercial market. The platform addresses all aspects of claims management including claim intake/First Notice of Loss (FNOL), coverage, liability, financials (reserving and payments), recovery and quality assurance - all designed to improve claims accuracy, enhancing policyholders' experience, ensure compliance and operational productivity and making claims-data readily available within an insurer's ecosystem for AI/ML, risk selection & other purposes. Five Sigma collaborates directly with its clients to align Five Sigma CMS capabilities to their specific initiatives, delivering speed to market with desired business outcomes. For more information visit https://fivesigmalabs.com

Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Insuretech Innovator, Five Sigma, Raises $12 Million To Accelerate Growth And Expansion Plans

Description

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Funding Insights

Company Information