Los Angeles auto insurance claims startup Estify has raised $6.3m in new funding led by Romulus Capital and ff Venture Capital. Estify has created a tool for auto repair businesses to better gauge the cost of its services for insurance claims, therefore getting payouts faster from insurers.
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. The company has named Rochelle Thielen (a longtime executive with Mitchell International who has direct experience in dealing with the network of repair shops and insurance providers) as its new chief executive. Estify also added Randy Adams, the former founder of Navitel, Newsnet, AutionDrop, Searchme, Funny or Die, Celebrity Apps, and WTF Studios as chief technology officer. According to a release from the company, Adams boasts having raised $250 million in capital and returning over $28 billion to investors.