Tech Company Financing Transactions
Precedent Funding Round
Adir Ventures invested in a $9 million Seed venture round for Precedent. The round closed on 6/14/2023.
Transaction Overview
Company Name
Announced On
6/14/2023
Transaction Type
Venture Equity
Amount
$9,000,000
Round
Seed
Investors
Adir Ventures (Lead Investor)
Proceeds Purpose
The new capital will be used to bring Precedent's suite of products to more insurers as well as broaden and accelerate new product development.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
1213 W Morehead St. 500
Charlotte, NC 28208
US
Charlotte, NC 28208
US
Phone
Undisclosed
Website
Email Address
Overview
Precedent was founded by Grant Little, Jim Andrews, Logan Chittenden, and Derrick Stuckey with the goal of using AI data solutions to streamline the bodily injury claims process. We believe that by automating specific tasks, we can reduce the need for human resources, eliminate endless searches, and minimize monotonous data entry. This not only saves insurance carriers money while reducing errors but helps adjusters work more efficiently, ensuring fair and reasonable settlement outcomes.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Grant Little
Chief Technical Officer
Logan Chittenden
President
Jim Andrews
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