Articles from Reserv, Inc.

Reserv, Inc., a tech-enabled third-party administrator (TPA), announced today that its oversubscribed series B round has been extended to accommodate demand, with an additional $16M raised – bringing the total Series B round to $41M. Reserv’s substantial growth in the last six months, coupled with its strong alignment with several new strategic investors and substantial new customer demand for Reserv products, was a key driver of investor momentum. The additional funding was led by QBE Ventures and included additional new strategic partners and pro-rata participation from existing investors such as Bain Capital Ventures, Flourish Ventures, and more. The strategic capital injection will be used to accelerate Reserv’s roadmap for AI orchestration at scale, to define a new standard for intelligent claims operations and management.