Cleveland-based private equity firm The Riverside Co. has invested in ACTINEO, a Cologne, Germany-based InsurTech company specializing in bodily injury claims, providing tech-enabled and data-driven services to the insurance industry.

ACTINEO is a provider of digitalization, invoice checking and predictive analysis services for bodily injury claims to insurance providers in Germany, processing and digitalizing more than 120,000 bodily injury claims per year and developing prediction models for a customer base of more than 50 insurers.

Working with Riverside Partner Dr. Michael Weber on the deal were Vice President Tillmann Immisch, Senior Associate Florian Halama and Associate Simon Behnken.