NEW YORK, NY, Reserv announced the completion of an $8M seed round led by Altai Ventures and Bain Capital Ventures. Reserv is a digital-native third party administrator (TPA) that also develops and sells software to power the next generation of claims adjusters.

Additional participants in the round included Arch Capital Group Ltd., AXIS Capital, Runyon, and select industry angels, including Rick Taketa (former CEO of York), Jon McNeill (founder of TrueMotion and former COO of Lyft), and Ahmed Khaishgi (founder of SquareTrade).