ClaimSorted Raises €11.4 Million In One Of The Largest InsurTech Seed Rounds This Year

The round was led by Atomico, with participation from Eurazeo, Y Combinator, firstminute capital, Start Ventures Capital, and experienced insurance professionals.

“Ask anyone in insurance where the weakest link is, and most will point to claims TPAs,” said Pavel Gertsberg, Founder and CEO of ClaimSorted. “We saw the claims process being painfully slow. Mistakes made by TPAs that should’ve been caught early ended up eating our entire profit margin. So, we decided to build something better.”

ClaimSorted’s Seed round ranks among the largest early-stage InsurTech fundraises in Europe in 2025, especially within claims and operations automation.

Comparable startups have raised smaller rounds Muffintech (€3.5M), Loxa (€1.9M), and Klaimy (€1.2M) while larger fundraises, like Baobab Insurance’s €12M Series A, target underwriting or cyber-risk. MarvelX’s €5.4M round, focused on AI-driven insurance workflows, is the closest peer.

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The funding highlights growing investor interest in AI-powered claims modernisation, a rapidly evolving yet underrepresented segment in Europe.

“Insurers don’t want yet another ‘AI claims platform’ with an ambiguous value proposition. They want a tangible end-to-end service that takes the headache out of claims, supports their customers when they need it most, and protects their bottom line,” said Andreas Helbig, Partner at Atomico “And it’s working: Through faster and better claims resolution, ClaimSorted is increasing policyholder NPS by +10, while delivering significant reduction in cost per claim. It’s rare that we see such a clear and strong ROI.”

Founded in 2024, ClaimSorted emerged from the founders’ own frustrations. While running an insurance business, Pavel Gertsberg and German Mikulski relied on third-party administrators (TPAs) for claims but faced the same challenges insurers commonly encounter: delayed claims, inconsistent service and reduced profitability.

They realised customers care less about underwriting or marketing and more about how insurers respond when life goes wrong whether a car breaks down, a job is lost, or a fire occurs.

“By combining a market leading claims team with a suite of embedded AI agents, we’re able to provide policyholders with a 5-star experience during the claims process, settle claims 3 times faster than traditional TPAs while helping insurance companies save millions,” continued Gertsberg.

ClaimSorted spent a year building a team with experience from leading insurers such as Hiscox, Lemonade, AXA, Hartford, and Liberty Mutual. Combined with the startup’s proprietary AI-driven claims platform, this created a next-generation solution: Claims TPA 2.0.

“Claims aren’t just a cost centre, they’re the moment of truth in the insurance journey,” added Gertsberg. “With this funding, we’re doubling down on helping insurers turn claims into their biggest asset.”

Since its launch, ClaimSorted has partnered with over 20 insurers across the US, UK, and EU, serving tens of thousands of policyholders.

The new funding will accelerate product development, expand global operations, and scale partnerships with insurers seeking a modern alternative to traditional TPAs.