Jerry, a Palo Alto, CA-based provider of an app providing car services, raised an additional $110m in Series C2 equity and debt financing in Q2 2022.
The Series C2 round was led by existing investor Park West Asset Management with participation from Goodwater Capital, Highland Capital Partners, and Plug And Play Ventures, among other existing investors. TriplePoint Capital led the debt facility and also invested in the equity financing. The new financing followed Jerry’s C1 round, bringing total funding to $242m.
The company is using the funds to add free repair, maintenance and safety services.
Led by Art Agrawal, co-founder and CEO, Jerry makes it easier to manage everything to do with a car. Services include:
- PriceProtect™, which allows users to find insurance rates and refinance auto loan to reduce monthly payments.
- DriveShield™, which tells users exactly how they are doing on the road with a safety score on every journey, and rewards them for safe driving with discounts from top retailers including America’s Tire, Curbee, Jiffy Lube, Valvoline Instant Oil Change℠, and FullSpeed Automotive’s family of brands, including Grease Monkey Oil Changes & More, SpeeDee Oil Change & Auto Service, Kwik Kar, Uncle Ed’s and American Lube Fast;
- GarageGuard™, which diagnoses car issues, reminds users of scheduled maintenance needs, estimates repair and maintenance prices, and recommends service providers based on your needs.
FinSMEs
02/08/2023