Startup profile · funding coverage
Reserv funding, valuation and investors
AI-native insurance claims TPA — automating P&C claims handling at scale.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series C
$125M · May 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$145M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · New York, New York
Overview
Reserv is an AI-native third-party administrator (TPA) and software provider for property and casualty insurance claims. Founded in 2022 by CJ Przybyl and Martha Dreiling, the company serves nearly 200 insurers, MGAs, and brokers with tech-forward claims handling. Reserv raised a $20M Series A in October 2023 co-led by Bain Capital Ventures, followed by a $125M Series C in May 2026 led by KKR at $100M ARR with 500+ adjusters.
Why Reserv is interesting
Reserv hit $100M ARR with 500+ adjusters working alongside AI — KKR led a $125M Series C in May 2026 to scale from 500K to 30M annual claims capacity.
Product & use cases
Reserv's Glance platform migrates historical and open claims into a centralized database, using explainable AI to triage, automate simpler claims, and support human adjusters on complex cases — clients choose automation levels.
- Automated triage and handling of commercial P&C claims
- TPA services for MGAs and insurers without in-house claims ops
- Claims data analytics and loss-cost reduction
- Scaling claims capacity without linear headcount growth
Key facts
- Series C (May 2026): $125M led by KKR at $100M ARR — Businesswire
- Series A (Oct 2023): $20M co-led by Bain Capital Ventures
- 500K annual complex claims capacity; target 30M in four years
Funding history (newest first)
Series C
2026-05 $125M- KKR (lead)
- Bain Capital Ventures (participant)
Series A
2023-10 $20MSource: https://www.finsmes.com/2023/10/reserv-raises-20m-in-series-a-funding.html
Investors in our directory
Funds linked from Reserv's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: AI-native from founding — not legacy TPA with bolted-on automation. $100M ARR in ~4 years signals product-market fit in claims handling.
Insurance claims is a $100B+ services market dominated by legacy TPAs. Reserv's AI-native approach targets loss-adjustment expense reduction — insurers' largest operational cost. KKR's Series C validates scale potential; execution risk is maintaining quality while 60x-ing claims capacity.
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Sedgwick incumbent
Largest traditional TPA — adding AI features.
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Crawford & Company incumbent
Global claims management incumbent.
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Snapsheet adjacent
Claims technology platform; less full TPA service.
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Shift Technology adjacent
AI fraud detection; different wedge than full TPA.
Notable stories
- Reserv reached $100M ARR within four years of founding — rare velocity for insurance services, driven by AI-augmented adjuster productivity.
- KKR's May 2026 Series C targets scaling from 500,000 to 30 million annual claims capacity — a bet on automating commercial P&C claims at industry scale.
Industries
Related funding articles
Venture Capital Tracker pieces that cover Reserv's financing or category context.
FAQs about Reserv
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