Spring Lake Equity Partners led a $24m Series C round in CLARA Analytics.

Spring Lake Equity Partners, a private equity firm, led a $24m Series C round in CLARA Analytics, a provider of artificial intelligence technology for insurance claims optimization, with participation from Aspen Capital Group, Oak HC/FT and QBE Ventures. “Insurers are facing increased pressure to manage losses and expenses, and they have awakened to the value that AI can generate in claims management. We have witnessed this first-hand, having experienced significant growth in our customer base and more than doubling our annual recurring revenue. We have continued to increase our penetration of the workers’ comp industry while also expanding into auto liability and general liability. We’re excited to have Spring Lake Equity Partners as our new lead investor. We see this funding as a tremendous vote of confidence, especially in light of the very tight funding environment,” Heather H. Wilson, CLARA Analytics CEO.