Jerry, a Palo, Alto, California-based Car-ownership super app that saves your time and money on your car expenses, announced that it completed a $75 Million Series C funding. The oversubscribed round values the company at $450 million.
The round was led by Goodwater Capital. Bow Capital, Kamerra, Highland Capital Partners, and Park West Asset Management also participated in the financing round.
This new funding round fuels the launch of the super app's marketplaces in vehicle financing, repair, warranties, parking, maintenance, and additional money-saving services.
Company: Jerry Insurance Agency LLC
Raised: $75.0M
Round: Series C
Funding Month: August 2021
Lead Investors: Goodwater Capital
Additional Investors: Bow Capital, Kamerra, Highland Capital Partners, and Park West Asset Management
Company Website: http://getjerry.com/
Software Category: AI- and machine learning based car insurance
About the Company: Jerry first launched its AI- and machine-learning-based car insurance comparison service in 2019 and today serves more than 1 million customers as a licensed insurance broker in all 50 states. Jerry redesigned and disrupted the century-old car insurance process, turning stacks of pages and hours of calls into a handful of clicks. The company was founded in 2017 and is based in Palo Alto, California.
Source: https://www.prnewswire.com/news-releases/ai-based-car-ownership-super-app-jerry-secures-75-million-series-c-financing-at-450-million-valuation-301351392.html
https://techcrunch.com/2021/08/10/jerry-raises-75m-at-a-450m-valuation/