Reserv is a technology company.
Outcomes-oriented TPA making the entire claims ecosystem more efficient, accurate, and a more humane experience.
Reserv has raised $69.0M across 4 funding rounds.
Reserv has raised $69.0M in total across 4 funding rounds.
Reserv is a tech-enabled third-party administrator (TPA) specializing in property & casualty (P&C) insurance claims processing, serving managing general agents (MGAs), carriers, and self-insureds across North America, the UK, and EU.[2][3][4][5] It builds an AI-native platform that automates mundane tasks, analyzes structured and unstructured data for insights, and delivers analytics, reporting, and APIs to empower claims adjusters, underwriters, and partners—solving inefficiencies in legacy systems like delays, poor data visibility, and suboptimal pricing.[1][2][4][5] With triple-digit year-over-year revenue growth, over 350 employees, 80+ MGA clients, and 20 carriers, Reserv has raised $55M from investors like Flourish Ventures, Bain Capital Ventures, and Altai Ventures, plus recent backing from Accenture to scale globally.[3][4]
Founded in 2022 by industry veterans CJ Przybyl (CEO and co-founder) and Martha Dreiling, Reserv emerged to address persistent gaps in insurance claims processing, leveraging modern tech to replace outdated legacy platforms.[1][4][6] Przybyl and Dreiling drew from deep P&C expertise to create a cloud-based, API-enabled system that digitizes claims from first notice of loss (FNOL) to settlement, including rapid data migration from legacy TPAs—cutting timelines from nine months to under two weeks.[3] Early traction included becoming a Delegated Claims Administrator (DCA) for Lloyd's of London, earning CB Insights' Top 50 Most Promising Insurtechs of 2024, and "Best Newcomer" at the British Insurance Awards, fueling rapid scaling to 320-350 employees across the US and UK.[3][4]
Reserv rides the AI transformation in insurtech, targeting a claims ecosystem plagued by delays, confusion, and inefficiency amid rising data volumes from legacy systems.[1][3][4] Its timing aligns with surging demand for granular risk analytics and competitive pricing in P&C, amplified by post-pandemic claims surges and regulatory pressures like Lloyd's DCA status.[3][4] Market forces favoring Reserv include insurers' shift to MGAs/carriers seeking scalable TPAs, AI adoption for operational resilience, and partnerships like Accenture's for global legacy integrations—positioning it as a leader in next-gen TPAs influencing faster payouts, better customer experiences, and data-driven underwriting across the $100B+ P&C sector.[1][3][4]
Reserv's momentum—triple-digit growth, strategic investments, and awards—signals dominance in AI-powered claims, with Accenture's Project Spotlight accelerating enterprise access and global expansion.[1][3][4] Next steps likely include deeper AI innovations (e.g., advanced LLMs for predictive modeling), EU scaling, and more carrier wins amid insurtech consolidation. Trends like generative AI proliferation and climate-driven claims volatility will propel it, evolving its influence from TPA disruptor to ecosystem enabler—ultimately redefining efficient, claimant-centric insurance at scale, much like its founding vision to unlock data advantages.[1][2][3][4]
Reserv has raised $69.0M in total across 4 funding rounds.
Reserv's investors include Altai Ventures, Alumni Ventures, Bain Capital Ventures, Beat Ventures, DVx Ventures, Flourish Ventures, Greylock, Lightspeed India Partners, Madrona Ventures, Montage Ventures, QBE Ventures, Social Capital.
Reserv has raised $69.0M across 4 funding rounds. Most recently, it raised $16.0M Series B in September 2025.