Reserv Raises $125M Series C

Reserv, based in New York and London, is an AI-native third-party administrator and claims intelligence software provider for the property and casualty insurance industry. The company has announced a $125 million Series C funding round to accelerate the AI-driven transformation of insurance claims processing.

Investors

This funding round was led by KKR. Participating investors include existing backers Bain Capital Ventures and Flourish Ventures, alongside select strategic partners and clients.

Reserv Use of Funds

Reserv plans to use the capital to scale its platform capacity, aiming to increase its processing capability from 500,000 annual complex claims today to 30 million over the next four years. The funding will support the automation of complex claims, the further development of its AI-driven tech stack, and continued operational expansion.

About Reserv

Founded in 2022 by CJ Przybyl and Martha Dreiling, Reserv provides an AI-native platform designed to modernize property and casualty insurance claims processing. The company offers a purpose-built, scalable technology stack that enables insurers to streamline operations and improve claims outcomes through centralized data analysis and automated workflows.

Funding Details

Company Website: https://reserv.com

Company: Reserv
Raised: $125M
Round: Series C
Funding Date: May 4, 2026
Lead Investor: KKR
Additional Investors: Bain Capital Ventures, Flourish Ventures
Company Website: https://www.reserv.com
Software Category: Insurtech
Source: https://www.businesswire.com/news/home/20260504407536/en/Reserv-Announces-%24125-Million-Series-C-Financing-Led-by-KKR-to-Accelerate-AI-Driven-Transformation-of-Insurance-Claims