ST. PETERSBURG, Fla. & BOSTON--(BUSINESS WIRE)--CaseGlide, LLC, a rapidly growing provider of legal spend management software for property and casualty insurers, third-party claims administrators, and risk management departments, announced today that it has secured funding from Acadian Software, a strategic long-term capital partner for leading vertical software businesses. CaseGlide will use the capital to accelerate investment in product innovation across its core SaaS offerings in matter management, e-billing/legal bill review and attorney scorecarding.
Founded in 2015 by former insurance defense lawyers, CaseGlide helps claims organizations reduce legal fees and loss costs. Through strong customer partnerships and industry expertise, CaseGlide’s founders understand that the key to improved outcomes in litigation lies in technology that aligns claims departments and their attorneys. Traditional legal spend management solutions result in friction between claims departments and their attorneys, and most claims executives report increasing legal fees and loss costs despite investing in traditional solutions.
“CaseGlide’s unique approach to legal spend management works. Our legal spend software delivers results for claims departments of all shapes and sizes: large and small property insurers, auto insurers, commercial insurers, personal lines insurers, Fortune 500 companies and third-party administrators,” said Wesley Todd, Chief Executive Officer and Co-Founder of CaseGlide. “This infusion of capital will propel us forward in our mission to provide a diverse toolset of legal spend management solutions that are proactive, not reactive.”
Acadian Software brings an investment team with expertise in building category-leading, vertical software companies, including Klaviyo, Convoke and Roller. Acadian’s Executive Chairman, Jon Karlen, said: “Acadian Software invests in emerging SaaS businesses that have demonstrated the rare combination of rapid growth and profitability. By focusing on the specialized needs of property and casualty insurers, CaseGlide is enabling its customers to reduce legal costs and losses by proactively managing litigation. With its finger on the pulse of the critical claims sector, CaseGlide has developed the first purpose-built, cloud-based product that fundamentally improves outcomes for property and casualty insurers.”