Our Series B Financing: Poised for Growth
Apr 01, 2021
We are pleased to share that Aclaimant has raised $15 million in Series B equity and debt funding led by Next Coast Ventures. Total funds raised now come to over $20 million.
Following a year of notable momentum in 2020, this Series B investment will support Aclaimant's next phase of growth, as we focus on product innovation and hiring top talent. Our co-founders shared a few words around why this funding round is significant for Aclaimant:
David Wald, Co-Founder & CEO: "Since our founding, we've strongly believed that organizations can reduce their cost of risk while providing a safer environment for employees. With safety as a key priority for organizations in today's landscape, this commitment is as strong as ever. We're proud of the trust and respect we've earned in the industry, and we're looking forward to bringing our innovative products to the mass market with the help of our investor partners."
Joel Friedman, Co-Founder & CTO: "This funding round is significant because it will fuel the growth of our teams across the organization. I am most excited to continue to build out Aclaimant’s Data Science and Engineering teams. With more resources, we will be able to add and release more products within our offering that have greater AI and machine learning capabilities."
Michael Schultz, Co-Founder: “We’d like to acknowledge our gratitude to all of our investors along the way. The added resources provide the opportunity to take our message to a broader audience, showing a way for organizations to improve their risk culture, and thereby create safer workplaces for their employees. We are also grateful for everyone who helped validate that we knew that there was a better way. Thank you for making a difference.”
For more details on our Series B financing, please see the press release here. We look forward to furthering our mission of empowering organizations to actively manage their risk.