Reserv announces $125M Series C financing led by KKR

Reserv announced a $125M Series C funding round led by KKR (KKR), with participation from existing investors including Bain Capital Ventures and Flourish Ventures, as well as select strategic partners and clients. Founded in 2022, Reserv provides TPA services and technology to nearly 200 insurers, corporate captives, MGAs, and brokers. The company has achieved strong commercial traction, with annual recurring revenue reaching $100M and rapid year-on-year growth as it scales its platform. With over 500 claims adjusters on staff, Reserv has more than doubled its claims processing capacity every year while continuing to improve claims outcomes, provide data transparency, and innovate new technology solutions for its client partners. The investment from funds and accounts managed by KKR is expected to help Reserv continue to more than double its claim capacity every year from 500,000 annual complex claims capacity today to 30 million in the next four years, which means creating enough capacity to service and automate a significant portion of the P&C industry across non-field-based commercial claims.