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§ Private Profile · Chicago, IL, USA
Cloud-based SaaS RMIS and workflow platform for risk management, helping organizations manage claims, safety, and incidents.
Aclaimant has raised $25.0M across 2 funding rounds.
Key people at Aclaimant.
Aclaimant has raised $25.0M in total across 2 funding rounds.
Based in Chicago, Illinois, Aclaimant provides a cloud risk management information system and workflow platform designed to help organizations track incidents, manage claims, and oversee workplace safety processes. The SaaS company currently serves approximately 10,000 organizations across North America, automating data collection to help commercial businesses reduce their insurance and risk costs by up to 40 percent. Operating primarily within the construction, staffing, real estate, and hospitality sectors, the platform's enterprise customer base includes major corporate clients such as Caesars Entertainment and Carvana. Supported by a workforce of approximately 40 employees, the enterprise has secured over $20 million in total venture capital funding, highlighted by a $15 million Series B financing round led by Next Coast Ventures and Mercury Fund. Aclaimant was established in 2013 by co-founders David Wald, Michael Schultz, and Joel Friedman.
Key people at Aclaimant.
Aclaimant has raised $25.0M in total across 2 funding rounds.
Aclaimant's investors include Next Coast Ventures, Adam Rogers, Aspen Capital Group, KEC Ventures, Mercury Fund, Royal Street Ventures, John Ives, Ned Hill, EBSCO Capital, Laura Brady, RRE Ventures.
Aclaimant is a next-generation Risk Management Information System (RMIS) platform that provides configurable workflow solutions for workplace safety, incident reporting, claims management, asset tracking, and analytics. It serves employers, insurance brokers, carriers, and third-party administrators (TPAs) across industries like construction, manufacturing, logistics, and beyond, solving inefficiencies in traditional risk management—such as delays, siloed data, spreadsheets, and poor outcomes—by enabling real-time, mobile-first connectivity from the field to risk offices, automating processes, and leveraging AI for predictive insights.[1][3][6] With customers spanning 10,000+ organizations from small businesses to Fortune 500 enterprises like Caesars Entertainment and Carvana, Aclaimant has demonstrated strong growth momentum, earning 18 G2 Fall 2025 awards including #1 for Ease of Use in Insurance Claims Management, top rankings in support and admin ease, and a recent patent for incident reporting innovations.[2][3][4]
Aclaimant originated in 2013 from co-founder Michael Schultz's frustration as owner of a workers’ compensation captive insurance company, where claim vendors dismissed inefficiencies with "that’s just the way we do it." This sparked collaborations with advisors, leading to the idea for a better risk management approach; it began as a side project from Michael's father-in-law's app concept, involving co-founders David (venture capital background) and Joel (technical expertise).[1][2] Early progress was slow—over a year to land the first paying customer—but pivotal traction came six months in when they pitched and won deals with Kelly Services, CNA, and the Navy, propelling formal launch.[2] The team persisted by iterating with customers, evolving from basic concepts to a full RMIS; today, Michael, David, and Joel lead alongside CEO Kathy Burns, a 40-person team of risk, tech, and analytics experts, and original stakeholders.[1][2][3]
Aclaimant rides the wave of AI-augmented risk management and digital transformation in insurance, where mid-market companies grapple with rising claims costs, regulatory pressures (e.g., OSHA), and data silos amid labor shortages and supply chain risks. Timing is ideal post-pandemic, as remote/hybrid work and economic volatility amplify workplace incidents, while AI adoption surges for predictive analytics—positioning Aclaimant ahead of legacy RMIS providers stuck on enterprise-only models.[2][3][5] Market forces like insurability demands, compliance mandates, and cost-reduction needs favor its field-first, proactive tools, influencing the ecosystem by catalyzing RMIS for 100,000+ more organizations, fostering safety cultures, and bridging gaps between employers, carriers, and TPAs through seamless data flows.[1][2][7]
Aclaimant is primed for accelerated expansion with 2025 launches of DIPDash and Aclaimant AI, targeting deeper AI integration for real-time risk prediction and data mastery, potentially capturing more mid-market share en route to that 100,000-customer vision. Trends like AI proliferation in insurtech, stricter ESG/safety regulations, and edge computing for field ops will propel it, evolving its influence from niche disruptor to RMIS standard-setter—much like how it transformed one founder's frustration into a platform now safeguarding thousands of organizations. This relentless customer focus promises sustained leadership in active risk management.[2][3][5]
Aclaimant has raised $25.0M across 2 funding rounds. Most recently, it raised $15.0M Series B in March 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2021 | $15M Series B | Next Coast Ventures | Adam Rogers, Aspen Capital Group, KEC Ventures, Mercury Fund, Royal Street Ventures | Announced |
| Jun 1, 2020 | $10M Series A | Mercury Fund | John Ives, NED Hill, Aspen Capital Group, Ebsco Capital, KEC Ventures, Laura Brady, RRE Ventures | Announced |
