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Reserv raises $125m Series C led by KKR

Reserv, an AI-native third-party administrator (TPA) and claims technology provider for the property and casualty (P&C) insurance sector, has closed a $125m Series C funding round.The round was led by KKR, with participation from existing backers Bain Capital Ventures and Flourish Ventures, alongside select strategic partners and clients.The round will support Reserv’s ambition to expand its annual claims processing capacity from 500,000 complex claims today to 30 million over the next four year...

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