Like our portfolio company Fixico, Los Angeles auto insurance claims startup Estify created a tool for auto repair businesses to better gauge the cost of its services for insurance claims, therefore getting payouts faster from insurers.
Estify, a company that’s developed a new tool for auto repair businesses to better gauge the cost of its services for insurance claims, has raised $6.3 million in new financing. It’s a way for car repair businesses to get payouts from insurers faster and better service customers. And, at least until autonomous vehicles are a reality, it’s a service that’s becoming increasingly important. Mainly because U.S. drivers are really awful. There have been 10,710 accidents in the U.S. already this year, according to a website called AccidentsinUS.com. That means we might be on track to beat last year’s record of 12,293 accidents, according to data collected by the site. Los Angeles-based Estify, basically raised the money to gin up its executive suite. And now boasts a deck stacked with some pretty hardcore LA-based executive talent.