This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.

ClaimVantage secures €2m in EIIS funding

08 June 2017

ClaimVantage, established in 2005 and based in Sandyford, has secured €2m in funding from an EIIS fund managed jointly by Davy and BDO. The investment choice would seem to be a safe enough bet for the fund participants, as ClaimVantage Corporation Ltd booked a net profit of €625,000 in 2015 and had a year-end net worth of €3.2m on the back of €250,000 equity invested. The venture was helped on its way in the early days by taxpayers, with ClaimVantage tapping Enterprise Ireland on four occasions for a total of €560,000.

Led by CEO Leo Corcoran, ClaimVantage provides automated, cloud-based Life and Income Protection claims management solutions to insurance companies and third-party administrators, and has a second office in Portland, Maine. 


Originally published by Business Plus, June 2017.

Click here to find out more about BES Management DAC, a joint venture company owned by Davy and BDO.