Jerry Services, Inc., a Palo Alto, CA-based car insurance platform that provides customized quotes from more than 45 insurance carriers quickly, raised $28m in Series B funding.
The round, which brought $57M in total funding, was led by Goodwater Capital with participation from Jay Vijayan, CEO of Tekion; Jon McNeill, CEO of DVx Ventures (former president of Tesla and COO of Lyft); Brandon Krieg, CEO of Stash; Ed Robinson, co-founder and president of Stash; Johnson Cook, president of Greenlight; and Timothy Sheehan, CEO of Greenlight.
The company intends to use the funds to scale the car insurance product and hire talent to expand its marketplace into additional categories.
Launched in 2019 by Art Agrawal, CEO, Jerry provides an AI- and machine-learning-based car insurance comparison service today serving nearly 1 million customers across the United States. It gives users customized quotes from more than 45 insurance carriers in 45 seconds.
The app is available for free to customers in all 50 states.
Headquartered in Palo Alto, the company has offices in Toronto, and Lockport, NY.
FinSMEs
17/05/2021