Mobile Car Insurance App Maker Snapsheet Raises $10 Million, Hires Industry Vet David Bauer As COO

▤ Summary

Thanks to a company called Snapsheet, that process has gotten a lot simpler and faster, by allowing users to upload photos of the damage and receiving a response via mobile app. Bauer was previously the CIO and SVP of corporate development for Copart, an auction company for salvage vehicles. While at Copart, Bauer saw the company grow from $50 million to nearly $1 billion in revenue, thanks in part to greater adoption of technology to connect buyers and sellers. According to co-founder CJ Przybyl, Snapsheet expects to have four more of the top 20 insurance carriers on its system over the next four months. That’s because Snapsheet helps to streamline the process, eliminating the need for insurance companies to send an agent or for customers to take their cars to a repair shop to get an estimate.

▦ Linked Companies

Snapsheet

$1M to $5M