ManchesterStory Group makes its first insurtech investment in Groundspeed

Ann Arbor-based Groundspeed Analytics announced it has secured $2 million in a Series A round, bringing its total funding to date to $2.4 million. The round was led by ManchesterStory Group, a $31 million insurtech fund launched earlier this year. Groundspeed offers insurers and brokers a platform that automates loss runs and stores claims data in a fashion that allows the users to later analyze claim trends.