Reserv Raises $125 Million Series C Led by KKR to Transform Insurance…

Team S · 2026-05-06T14:10:39.000Z

New York-based insurtech startup Reserv has secured $125 million in Series C funding, led by KKR, to accelerate the transformation of insurance claims through AI-driven infrastructure. The round reflects strong investor confidence in platforms modernizing the property and casualty (P&C) insurance ecosystem. The funding round also saw participation from existing investors Bain Capital Ventures and Flourish Ventures, alongside strategic partners and clients. Founded in 2022 by CJ Przybyl and Martha Dreiling, Reserv operates as an AI-native third-party administrator (TPA), combining automation, analytics, and human expertise to manage complex insurance claims. Its platform enables insurers, brokers, and managing general agents to process claims more efficiently from first notice of loss to final settlement. Reserv has demonstrated strong traction, reaching approximately $100 million in annual recurring revenue (ARR) and serving nearly 200 insurance clients globally. The company currently processes around 500,000 complex claims annually, with plans to scale capacity to 30 million claims within four years. A key differentiator is its use of explainable AI, which allows insurers to better understand decision-making processes while improving transparency and compliance- critical in regulated industries like insurance. The newly raised capital will be used to expand product capabilities, scale operations, and deepen automation across non-field-based commercial claims. KKR’s investment, made through its Next Generation Technology Growth strategy, signals increasing institutional focus on AI infrastructure in financial services. As insurers globally look to reduce costs and improve efficiency, Reserv is positioning itself at the intersection of AI, insurtech, and enterprise automation, a rapidly growing category within financial services.

Member Login Get Access

Reserv Raises $125 Million Series C Led by KKR to Transform Insurance… | Newnex