Riskclick Receives $8.2 Million in Third Round Funding From Advent Venture Partners, BA Capital Partners Europe, Amadeus Capital Partners and Frank Bonsal, Jr.; Company Appoints New Executives to Build New BPM Applications, Accelerate Growth

Riskclick, a leader in Business Process Management (BPM) solutions for the insurance industry, announced today that it has received $8.2 million in growth stage funding from Advent Venture Partners and the company’s founding investors, BA Capital Partners Europe and Amadeus Capital Partners. The investment round is also supported by private investor and industry veteran Frank Bonsal, Jr. “Adopting Business Process Management has the potential to benefit insurers in many different ways,” said Riskclick CEO James DeSocio. “BPM is an essential component in the technology strategy for an insurance company,” said Nick Teasdale, general partner at Advent Venture Partners…..

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