Claimer, a fintech startup making it frictionless for companies to claim financial incentives from the government, is announcing that it has raised a $4.2m seed round today.
The round was led by Project A Ventures, with participation from Moonfire Ventures, helloworld.vc and a group of tier one angels that includes Errol Damelin (co-founder, Wonga), Matt Clifford (Chairman, Advanced Research and Invention Agency), Ian Hogarth (ex-CEO, SongKick), Harry Briggs (Partner, OMERS Ventures) and follow-on investors Ben Holmes (ex-Index Ventures) and TrueSight Ventures.
Governments set aside billions in innovation incentives for startups and scaleups globally, but the barriers to accessing them are high. Whether it’s tax credits, grants, or other local tax reliefs, applying for them is difficult. The eligibility criteria and application process is often complex and time-consuming, requiring specialist knowledge that tech companies do not have. Notably, the current more challenging VC market environment is expected to only increase the demand for non-dilutive funding, as startups look to maintain their pace of innovation.
By building accessible government financing infrastructure, Claimer is able to make the experience of claiming innovation incentives 10x easier. By abstracting away the massively inefficient data entry and communication inefficiencies of R&D tax credits and grant applications, customers are instead given more time, more focus, and more money to build their business.
“We’re building Claimer to be the de-facto way for startups and scaleups to claim incentives from the government, starting with R&D tax relief”, said Claimer CEO Adam McCann.