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Aclaimant

Chicago, US · Founded 2016 · Delaware corporation · 45 employees on LinkedIn · 13 known investors

Find your way into Aclaimant

511 people in our graph share verified history with the Aclaimant team — schools, employers, funds. One of them is your warm intro.

Tom Danilekunlockedknows Jim Farber · together at University of Michigan (overlapped)
knows the team · via University of Michigan
×2knows the team · via A.T. Kearney
×8knows the team · via Lightbank

Aclaimant provides risk management software to help organizations identify and actively manage business risks. The platform originated in workers' compensation claim management and serves companies seeking real-time insights to mitigate or reduce loss frequency and severity.

Also known as AClaimant

Founders & leadership

Aclaimant was founded in 2016 by Michael Schultz, David Wald, and Jim Farber.

MSMichael Schultz
Michael SchultzinCo-founderHe has background in insurance and technology, with experience in employee benefits, property and casualty insurance, and captive risk management.
DWDavid Wald
David WaldinPresident and Co-FounderDavid Wald is President and Co-Founder of Aclaimant, which provides risk management software to help organizations move from paper-based processes to data-driven decision-making. He previously worked in management consulting at Bain & Company, in venture operations at Lightbank, and helped build dough.com.
JF
Jim FarberinFounderJim Farber founded Executive Strategies, Inc., a specialty insurance agency serving the staffing industry, in 2000, and later founded American Staffing Assurance Company to provide insurance solutions to staffing firms. He holds licenses as an insurance counselor, property and casualty agent, and surplus lines broker, and has advised on risk management for the staffing sector since the late 1990s.

Board

LBLaura Brady
Laura BradyBoard directorPartner at Royal Street Ventures Management Company, Llc

Investors · 13

Also in the syndicate · 3

Adam RogersEBSCO CapitalRoyal Street Ventures

Reported raises · per SEC filings

Form D private placements

$21.9M disclosed across 4 of 6 rounds · 2017–2022

$2.5MraisedJan 2023 · 20 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Adrian FortinoDirector
  • David WaldExecutive Officer, Director
  • Kathleen BurnsDirector
  • C. Thomas BallDirector
  • Joel FriedmanExecutive Officer
  • Michael SchultzExecutive Officer, Director
Offering amount
$5M
Amount sold
$2.5M
First sale
Dec 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$10.9MraisedMar 2021 · 16 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David WaldExecutive Officer, Director
  • Michael SchultzExecutive Officer, Director
  • Joel FriedmanExecutive Officer
  • Adrian FortinoDirector
  • C. Thomas BallDirector
  • Kathleen BurnsDirector
Offering amount
$11M
Amount sold
$10.9M
Proceeds to insiders
$700K
First sale
Mar 2021
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$5.6MraisedMar 2020 · 20 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Adrian FortinoDirector
  • Michael SchultzDirector
  • David WaldExecutive Officer, Director
  • Laura BradyDirector
Offering amount
$8.3M
Amount sold
$5.6M
First sale
Mar 2020
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$3MraisedFeb 2017 · 20 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael SchultzExecutive Officer, Director
  • Laura BradyDirector
  • David WaldExecutive Officer, Director
Offering amount
$3.2M
Amount sold
$3M
First sale
Feb 2017
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Aclaimant develops a risk management information system (RMIS) that centralizes incident reporting, claims management, safety workflows and analytics for employers, insurance carriers and third-party administrators. The company frames its approach as "active risk management": connecting field-level incident capture to a central risk management office so organizations can reduce accidents, claim lag time and case duration, and lower their total cost of risk.

Product capabilities described by the company include electronic incident and claim intake with automated triage and escalation routing to carriers or TPAs (covering workers' compensation, general liability, property and casualty, and auto), centralized and access-controlled digitized files and email communications, automated completion of OSHA 300, 301 and 301A forms plus return-to-work schedule tracking, sharp-injury and privacy logs, mobile safety reporting with capture of photos and video, and standard and custom analytics dashboards. Adjacent product lines listed by the company cover integrated risk management, enterprise risk management, claims management, governance/risk/compliance (GRC) and a data pipeline product called DIPDash. Implementations are positioned as fully configurable, with in-house specialists mapping a customer's existing processes into the platform.

Founding story

Michael Schultz, owner of a workers' compensation captive insurance company, grew frustrated with delays and poor outcomes in claim administration; in 2013, after a claims vendor told him "that's just the way we do it," he set out to build a better approach. His future son-in-law David Wald, an entrepreneur with startup and venture capital experience, joined and recruited long-time friend Joel Friedman for technology leadership. With backing from a small group of supporters the three launched Aclaimant, which took more than a year to sign its first revenue-generating customer.

Business model

Aclaimant sells a configurable software platform (RMIS) to organizations, supported by implementation and customer-experience teams; the website lists plans and pricing, an ROI calculator, and demo scheduling, indicating a subscription software sales motion with services-assisted onboarding.

Software platform sold to employers, brokers, carriers and TPAs, with published plans and pricing pages and configurable implementation work delivered by Aclaimant staff [0][2][4].

Traction

Aclaimant reported its best revenue and largest increase in customers on record in 2020, with monthly active users and system usage up over 400% that year. The company says its customer base reaches Fortune 500 organizations, publishes customer case studies with Lamb Insurance and Trillium Staffing, and states customers have reduced business insurance costs by up to 40%. It reported earning 15 badges in G2's Summer 2026 awards.

Latest developments

Company-published items dated 2026 include an announcement of 15 badges in the G2 Summer 2026 awards and content aimed at private equity portfolio companies on the cost of "risk waste." Product lines listed on the site now span integrated risk management, enterprise risk management, claims management, GRC and the DIPDash data pipeline, and Kathy Burns is listed as CEO.

Full profile — market position, technology, go-to-market, geography, history

Market position

Aclaimant positions itself as a modern alternative to legacy risk management and insurance technology, competing in the claims management and RMIS software category; its investor described the incumbent field as "old, outdated technologies." The company reports customer review ratings on G2 in the claims management category and announced G2 Summer 2026 award badges.

The company emphasizes that it was created by risk management practitioners rather than technologists, offers 100% configurable workflows so customers do not change existing processes, and connects field incident capture directly to the risk office; it cites outcomes such as return-to-work up to three days faster and business insurance cost reductions of up to 40% for customers.

Technology

A centralized, mobile-first, cloud-based workflow platform using "smart tasks" to automate claims and incident processes, structured data capture from internal sources and from carriers/TPAs, automated regulatory form generation (OSHA), and standard plus custom reporting dashboards. Aclaimant also lists a data pipeline offering (DIPDash) among its products.

Go-to-market

Direct sales supported by demo scheduling, an interactive product sandbox, a platform walkthrough video, an ROI calculator, case studies (including Lamb Insurance and Trillium Staffing), webinars, a blog and knowledge network, and a partner program with brokers, agencies, carriers and TPAs.

Employers and risk/safety functions across staffing, construction, real estate, hospitality, transportation and logistics, manufacturing and retail, plus insurance carriers, third-party administrators, and brokers and agencies. The company states its customer base extends to Fortune 500 organizations.

Geography

Headquartered in Chicago, Illinois (330 N. Wabash, 23rd Floor), with at least one team member listed in San Francisco, California; customers are described across U.S. industries.

History

Aclaimant traces its origins to workers' compensation claim management for a captive reinsurance company, with the founding date given as 2013 in company press releases. It raised a $2.9 million seed round in 2017, a $10 million Series A led by Mercury Fund announced in June 2020 (bringing total funding to nearly $13 million), and a $15 million Series B of equity and debt led by Next Coast Ventures announced in April 2021, taking cumulative funding above $20 million. The Series B added board members and expanded the platform's scope; the company subsequently broadened its product set to integrated and enterprise risk management, GRC and data pipeline offerings, and Kathy Burns, who joined the board as an independent director in 2021, is listed as CEO on the company's team page.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Customer business insurance cost reductionApr 202140%
Growth in monthly active users and system usageJan 2020400%
Reduction in time to return injured employees to workJan 20253 days
Total funding raised to dateApr 2021$20M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

2 people who came through Aclaimant went on to found or lead other companies.

Competitors · 6

by search overlap
Riskonnect568 shared keywordsRiskonnect provides integrated risk management software and consulting services for enterprises across healthcare, financial services, and other industries, covering areas such as claims management, compliance, business continuity, and ESG reporting.
MetricStream469 shared keywordsMetricStream provides a cloud-based GRC (governance, risk, and compliance) platform with AI-driven capabilities for risk assessment, compliance management, audit, cyber risk, and resilience. The platform serves risk assessors, compliance leaders, auditors, and cyber risk experts across over 1 million professionals in 35+ countries.
SafetyCulture455 shared keywordsA workplace operations platform that helps organizations manage safety, quality, and operational processes through digital checklists, inspections, and reporting tools.
V Comply419 shared keywordsVComply is a compliance management platform that automates control tracking, task assignment, evidence capture, and audit reporting through an AI-powered interface. It serves compliance and risk teams across regulated industries including healthcare, finance, energy, and manufacturing.
Netezza291 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Corporatefinanceinstitute270 shared keywordsCorporate Finance Institute offers an online specialization program teaching finance professionals how to integrate environmental, social, and governance (ESG) factors into financial analysis, valuation, and investment decision-making. The program covers ESG frameworks, sustainability integration, greenhouse gas accounting, and climate risk management across eight core courses.

Companies competing with Aclaimant for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 4

launches, deals, and filings
May 2026
Aclaimant reports 15 badges in G2 Summer 2026 awards

Company announcement stating it earned 15 badges and led category indexes in G2's Summer 2026 awards for RMIS and incident management software.

source ↗

Apr 2021
Aclaimant raises $15M Series B equity and debt led by Next Coast Ventures

Round brought total funds raised to over $20 million; funds earmarked for product innovation, hiring, client acquisition, marketing and partnership development.

$15M source ↗

Apr 2021
Board additions following Series B

Thomas Ball (Partner, Next Coast Ventures) joined as a director, Kathy Burns (then Chief Digital Officer at Ryan Specialty) joined as an independent director, and Adam Rogers joined as a board observer.

source ↗

Jun 2020
Aclaimant announces $10M Series A led by Mercury Fund

Series A financing bringing total funds raised to nearly $13 million; Adrian Fortino (Mercury Fund) and Laura Brady (Royal Street Ventures) joined the board of directors.

$10M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
AclaimantDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Aclaimant do?
Aclaimant is a Chicago-based risk management information system for incident intake, claims management, safety and analytics.
Who founded Aclaimant?
Aclaimant was founded by Michael Schultz, David Wald, Jim Farber in 2016.
Who are Aclaimant's investors?
Aclaimant's investors include Lightbank, Mercury Fund, Moderne Ventures, Next Coast Ventures, Royal Street Ventures Management Company, Llc, RRE Ventures, Service Provider Capital, Urban Capital Network and 2 more.
How much funding has Aclaimant raised?
Aclaimant has disclosed $21.9M raised across 4 of its 6 known rounds.
Where is Aclaimant headquartered?
Aclaimant is headquartered in Chicago, US.