Jerry Raises $75M in Series C Funding
- Jerry, Palo Alto CA-based car-ownership app provider, raised $75M in Series C funding
- 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
- The company 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
