Reserv
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Founders
About
Reserv is a New York-based AI-native third-party administrator (TPA) and claims technology provider serving the property and casualty (P&C) insurance industry 12. The company was founded in 2022 by CJ Przybyl, previously Chief Strategy Officer at Snapsheet, and Martha Dreiling, formerly an executive at Rhino and OnDeck 4. Reserv currently employs over 500 claims adjusters and serves nearly 200 insurers, corporate captives, MGAs, and brokers, having reached $100M in annual recurring revenue and more than doubled its claims processing capacity year over year 12. The Series C round will support Reserv’s expansion of annual claims processing capacity from 500,000 complex claims to a target of 30 million over the next four years 2.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-05-04 | Series C | $125M | KKR | Bain Capital Ventures, Flourish Ventures 123 |
What Investors Say
Patrick Devine, Partner at KKR: “We’re excited to partner with this high-calibre management team, which has the rare combination of innovation, agility, and operational sophistication.” 3
Patrick Devine, Partner at KKR: “What Reserv has done from an AI and operational perspective to deliver faster and better quality outcomes for its customers is truly differentiated in the market.” 2
Rick Taketa, Board Member: “This is a company positioned to lead the next phase of innovation in claims, with its most significant impact still ahead.” 3
What Founders Say
CJ Przybyl, Co-Founder and CEO: “We started this company to prove how seamless claims processing could be if technology wasn’t the bottleneck.” 23
Sources
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FinTech Global, “Reserv raises $125m Series C led by KKR,” May 4, 2026. Accessed May 2026. https://fintech.global/2026/05/04/reserv-raises-125m-series-c-led-by-kkr/↩↩↩
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Pulse 2.0, “Reserv: $125 Million Series C Raised To Scale AI-Native Insurance Claims Platform,” May 4, 2026. Accessed May 2026. https://pulse2.com/reserv-125-million-series-c-raised-to-scale-ai-native-insurance-claims-platform/↩↩↩↩↩↩
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FinSMEs, “Reserv Raises $125M in Series C Funding,” May 2026. Accessed May 2026. https://www.finsmes.com/2026/05/reserv-raises-125m-in-series-c-funding.html↩↩↩↩
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InsTech London Podcast, “CJ Przybyl, Co-founder & CEO: Reserv: Redefining Claims Outsourcing With Modern Technology (309).” Accessed May 2026. https://instechlondon.podbean.com/e/cj-przybyl-co-founder-ceo-reserv-redefining-claims-outsourcing-with-modern-technology-309/↩