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Owl.Co raises $30m!

November 4, 2021

Owl.co,  is an insurance claims monitoring platform, secured $30 million in Series B funding. Cota Capital led the financing, joined by Sorenson Ventures, FUSE, Impression Ventures, Luge Capital, and Plug and Play Ventures. This latest round of financing brings the company’s overall funding to $40 million.

Founded in 2017, the Canadian company enables insurance providers to “stop unwarranted claim payments, release reserves, and adjust expenses.” The company says that its platform, which currently supports disability and workers compensation insurance claims, automatically detects significant losses from malingering, exaggerated, or non-eligible claims at a rate five times greater than any other tool.

“This funding will help us expand owl.co’s platform to revolutionize the insurance industry’s process for monitoring claims and mitigating fraud to address the $80 billion cost to American consumers. By leveraging machine learning to automate and remove bias from the process, we are blazing the trail to a future where nobody pays for fraud.” – Sean Merat, co-founder and CEO of owl.co.

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Vesttoo raises $15m!

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Nimbla raises $6.9Million!

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Sana raises $20m!

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