Snapsheet Raises $ 12 Million to Speed ​​Up Vehicle Repair Process

by bold-lichterman

  • Snapsheet is developing a mobile application to speed up repair estimates for vehicles damaged by road accidents.
  • Within 24 hours, body shops can provide customized and certified estimates for repair costs.
  • The company plans to expand internationally.

The amount

The American start-up Snapsheet, which is developing a mobile application to speed up repair estimates for vehicles victims of road accidents, has completed a funding round of $ 12 million led by Tola Capital. By October 2016, the Chicago-based company had raised $ 20 million in Series C.

The market

Founded in 2010 by CJ Przybyl and Brad Weisberg, Snapsheet has designed a service that allows users to file brief information about damage to their vehicle, with supporting photos, following a traffic accident. Within 24 hours, body shops near their location will provide personalized and certified estimates for repair costs. Using the application, users can thus save time to schedule appointments in the workshops of their choice.

At the same time, Snapsheet enables insurance companies to process car damage estimates more quickly and thus define the amounts of money to be released to cover their customers. To date, the start-up claims to work with 45 insurers.

The objectives of the Start-up

This new roundtable should allow Snapsheet to improve the machine learning capabilities of the application for better user support. In addition, the company plans to expand internationally. However, the young American shoot is not thinking of going public immediately.

Founders: CJ Przybyl and Brad Weisberg

Creation date : 2010

Seat : Chicago

Activity: mobile application to speed up repair estimates for vehicles victims of road accidents

Funding: $ 12 million in June 2017