Jove, a London, UK-based provider of an AI-powered insurtech platform, raised £3.6M in Seed funding.
The round was led by Explorer Investments, with participation from Seed X, Love Ventures, Portfolio Ventures, New Alpha Asset Management, Exceptional Ventures, and Start Ventures.
The company intends to use the funds to accelerate product development, enhance automation, and scale its operations to meet growing demand.
Jove is an insurtech company delivering borderless business insurance tailored for contractors, consultants, and small businesses across the UK, Europe, and the USA. With a fully digitalized, subscription-based model, it empowers clients to work and travel without limitations, offering global coverage designed for remote workforces. Its AI-powered insurance validation integrates with ATS and HRIS platforms, enabling instant insurance verification, ensuring compliance, and streamlining administrative processes for businesses.
The company has already established partnerships with major global recruitment firms and MSPs, including InterEx, Magnit, Remote, and Hays, as well as mobility platforms like Shiply.
FinSMEs
06/12/2024