ClaimSorted, the company transforming insurance claims from a chronic pain point into a competitive advantage, today announced a £10m seed funding round, one of the largest insurtech seed rounds on record. The round was led by Atomico, with participation from Eurazeo, Y Combinator, firstminute capital, Start Ventures Capital, and a network of prominent insurance veterans.
The company was born out of firsthand frustration. While running their own insurance business, founders Pavel Gertsberg and German Mikulski relied on outsourced claims providers, also known as, third-party administrators (TPAs) to process claims. But they kept running into the same issues insurers face across the board: claims that should take a week dragged on for months, inconsistent service hurt customer retention and poor claims management by TPAs eroded profitability.
They also quickly realised that customers don’t care about underwriting or glossy ads, they care about what happens when life goes wrong: the car breaks down, they lose their job or there’s a fire. Claims are the moment of truth, the industry's shopfront, and at that moment most TPAs struggle to deliver.
ClaimSorted spent a year assembling a best-in-class team with experience from top insurers including Hiscox, Lemonade, AXA, Hartford, and Liberty Mutual. That team was merged with the startup’s proprietary AI-enabled claims platform, resulting in a next-generation TPA: Claims TPA 2.0.
Since launch, ClaimSorted has partnered with more than 20 insurers across the US, UK, and EU, serving tens of thousands of policyholders.
This new funding will accelerate product development, expand operations across key global markets, and scale partnerships with insurers seeking a modern alternative to legacy TPAs.
