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.
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.


Board

Investors · 13
Also in the syndicate · 3
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 TechnologyRule 506(b)
- 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
▶$10.9MraisedMar 2021 · 16 investors · Other TechnologyRule 506(b)
- 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
▶$5.6MraisedMar 2020 · 20 investors · Other TechnologyRule 506(b)
- 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
▶$3MraisedFeb 2017 · 20 investors · Other TechnologyRule 506(b)
- 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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Aclaimant 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 reportedCompany-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 overlapCompanies competing with Aclaimant for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 4
launches, deals, and filingsCompany announcement stating it earned 15 badges and led category indexes in G2's Summer 2026 awards for RMIS and incident management software.
Round brought total funds raised to over $20 million; funds earmarked for product innovation, hiring, client acquisition, marketing and partnership development.
$15M source ↗
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.
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 structureIn the news
▸Research sources · 8
primary sources listed
- Aclaimantaclaimant.com · web
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.













