Claimer Tech Ltd

Claimer Tech Ltd is a UK-based company that specializes in R&D tax credit software. Their platform utilizes AI-driven automation to streamline the claim process for advisors, enhancing efficiency and compliance with HMRC standards. Claimer Tech Ltd was founded in 2018 in the UK by Adam McCann and Andrew Easter. The company focuses on providing innovative solutions for R&D tax credits.

They have completed a total of 2 deals, with their most recent funding round occurring on September 14, 2022. Claimer raised USD 4. 2 mn in a SEED round led by Project A Ventures, with participation from HelloWorld VC, Moonfire Ventures, and TrueSight Ventures, bringing their total funds raised to USD 4. 2 mn.

Claimer specializes in providing R&D tax credit software designed specifically for advisors, helping streamline the claim process for research and development tax credits. Their core offerings leverage AI-driven automation to assist in eligibility assessments, information gathering, and drafting comprehensive narratives that comply with HMRC standards. The software enhances efficiency by allowing users to auto-populate and validate necessary forms, effectively monitor claims, and manage financial preparations. Claimer serves a diverse client base, including over 20 of the top accountancy firms and more than 50 R&D tax credit consultancies across the UK and other international markets.

By facilitating robust project evaluations and technical narrative generation, Claimer addresses the complexities faced by financial consultants and tax advisors when preparing and submitting R&D claims. Claimer generates revenue through subscription-based models, where clients access their R&D tax credit software to assist in the claims process. Transactions typically occur between Claimer and B2B clients, including accountancy firms and consultancies that require a streamlined solution for R&D tax credit submissions. Clients engage with Claimer's technology to improve the accuracy and efficiency of their claims, which can lead to increased successful submissions and reduced processing times.

The software’s features are designed to support ongoing client relationships by providing continual updates and improvements as tax regulations evolve. Specific pricing details for these subscription plans are determined based on the level of service and features utilized, catering to a range of client needs from small consultancies to large accountancy firms. In September 2022, Claimer Tech Ltd raised USD 4. 2 mn in SEED funding, which they plan to use to expand their services within the United Kingdom and to enter a second market.

This funding will support the development of upcoming products designed to further enhance their software capabilities.