Jerry Raises $75M in Series C Funding
Summary
The round, which valued the company at $450m and brings total funding to $132m, was led by Goodwater Capital. The company intends to use the funds to launch its app’s marketplaces in vehicle financing, repair, warranties, parking, maintenance, and additional money-saving services. Led by Art Agrawal, CEO, Jerry provides an AI- and machine-learning-based service for comparing and buying car insurance which currently serves more than 1 million customers as a licensed insurance broker in all 50 states. The company is headquartered in Palo Alto, operates offices in Toronto and Lockport, NY, and employs remote staff.
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