2048 Ventures has led an early-stage financing of PainWorth, an Edmonton-based insurance technology company, the US venture capital firm said in a blog post. No financial terms were disclosed, however, BetaKit reported the round’s value at $1.7 million (C$2.1 million). Other investors included Panache Ventures and Mistral Venture Partners. PainWorth’s app facilitates the settlement of personal injury insurance claims.
Read 2048 Ventures’ blog post here.