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FT Partners Advises Snapsheet on its $29,000,000 Series E Financing

Overview of Transaction

  • On May 20, 2019, Snapsheet announced it has raised $29 million in Series E financing from new investors Nationwide, Sedgwick and State Auto Labs, with participation from Tola Capital
  • Existing investors Liberty Mutual Strategic Ventures, F-Prime Capital, OCA Ventures, and an affiliate of USAA also participated in the round
  • Headquartered in Chicago, IL, Snapsheet is a leading provider of virtual claims technology for the personal and commercial insurance marketplace
  • Since its founding in 2010, Snapsheet has used its technology to digitally transform claims workflows for over 75 clients and their customers

Significance of Transaction

  • This financing will allow Snapsheet to accelerate the delivery of its SaaS claims platform for all lines of property and casualty, further invest in advanced analytics capabilities, and expand its team to serve clients globally
  • With this round, Snapsheet has raised a total of $71 million in financing

FT Partners' Role

  • FT Partners served as sole strategic and financial advisor to Snapsheet and its board of directors
  • This transaction underscores FT Partners’ deep InsurTech domain expertise and its successful track record generating highly favorable outcomes for high growth FinTech companies globally