Reserv Secures $25M Series B Funding for Unprecedented Growth in Insurance Sector

Reserv's Impressive Leap in the Insurance Sector

On June 4, 2025, Reserv, Inc., a company revolutionizing the role of third-party administrators (TPAs) with technology, announced that it has successfully completed a $25 million Series B funding round. The investment was led by Flourish Ventures, with contributions from BCV, Altai Ventures, and Accenture Ventures, pushing the company's total funding to an impressive $55 million. This funding comes at a critical juncture for Reserv, which is experiencing remarkable hypergrowth within the insurance industry.

Founded in 2022, Reserv has differentiated itself by combining skilled claims adjusters with modern technology, aiming to enhance performance and reporting for its clients. The company has reported a staggering triple-digit revenue growth year-over-year for the past two years, a clear indication of its successful scaling and appeal within the insurance market.

With its growing workforce of over 350 employees spread across the United States and the United Kingdom, Reserv has quickly established itself as a frontrunner among next-generation TPAs. They currently assist more than 80 managing general agents (MGAs) and 20 carriers across multiple lines of property and casualty insurance, including sectors like commercial auto, medical malpractice, and general liability. This unique positioning allows Reserv to offer exceptional reliability and efficiency to both claimants and adjusters alike.

One notable highlight from Reserv's innovation is its automated rollover technology that significantly streamlines data migration. Traditionally, migrating data from legacy systems to new platforms could take more than nine months, but Reserv's technology has effectively cut this timeframe down to less than two weeks. This agility provides clients with unprecedented visibility into their data while minimizing costs.

Furthermore, Reserv has leveraged advanced AI-driven tools like the claim severity model and claim summarization capabilities, as reported in Gallagher Re's Q1 2025 Global InsurTech Report, to optimize the efficiency of the claims processing system.

CJ Przybyl, CEO and co-founder of Reserv, emphasized the importance of adapting to customer needs. "We scale quickly, assess our weaknesses, and build solutions to solve our problems in a direct partnership with our customers," he remarked. Notably, he pointed out how their rollover technology is not just an enhancement but a key enabler of their scalability, showcasing the company’s commitment to technological innovation.

Emmalyn Shaw, Co-founder and Managing Partner at Flourish Ventures, praised Reserv for its substantial progress in transforming an industry that heavily relies on outdated systems. The modern infrastructure they’ve created, coupled with a data-driven approach, delivers considerable value to their clientele.

Accenture Ventures, a key participant in this funding round, added depth to Reserv’s potential by including the company in its Project Spotlight Investments initiative. Kenneth Saldanha, senior managing director at Accenture and leader for North America Insurance, highlighted that the insurance claims process is primed for substantial reinvention. He stated that Reserv's platform is pivotal in providing insurers with detailed data about claims, fostering quicker processing and improved customer interactions.

The Series B funding will be primarily allocated to developing advanced claims automation models, accelerating integrations, and creating new non-claim modules. These efforts are projected to significantly enrich customer experiences and improve the effectiveness of Reserv’s tools available to adjusters.

In just a few years, Reserv has made significant strides in redefining the insurance claims landscape. With a growing employee base, innovative solutions, and the new financial backing, the future looks promising for this dynamic company.

For more information about Reserv and their state-of-the-art approach to insurance claims, visit their website Reserv.