# Jerry Insurance Agency

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jerry-insurance-agency

- Industry: Financial Services
- Headquarters: Palo Alto, US
- Website: www.getjerry.com
- Total disclosed funding: $132M
- Latest round: Series C (Aug 2, 2023)
- Investors on record: 13

## About

Based in California, US, and founded in 2017, Jerry Insurance Agency LLC operates as a mobile application that uses machine learning to shop and compare car insurance policies online. In August 2023, Jerry Insurance Agency LLC raised an undisclosed amount in series C funding led by returning investor Park West Asset Management, with participation from other returning investors Goodwater Capital, Highland Capital Partners, and Plug and Play Ventures. New investor TriplePoint Capital and other unspecified investors also participated in the round. In August 2023, Jerry Insurance Agency LLC raised an undisclosed amount in venture debt funding led by new investor TriplePoint Capital. The company operates in all 50 states of the U.S. with offices in Toronto and New York and employs remote staff.

Jerry Insurance provides a car management platform, does all the paperwork to switch clients' insurance, offers digital insurance cards, gets quotes from top insurance companies, shops on behalf of the clients automatically before policy renewal, and protects clients' privacy.

The company generates revenue through commissions from dealing with insurance companies. It posted a 10x increase in revenue in 2020 compared to 2019.

Jerry Insurance plans to accelerate the launching of its app's marketplaces in vehicle financing, repair, warranties, parking, maintenance, and additional money-saving services.

## Funding rounds

- Series C, Aug 2, 2023 — Highland Capital Partners, Park West Asset Management, TriplePoint Capital, Plug and Play, Goodwater Capital
- Series C, Aug 10, 2021, $75M — Highland Capital Partners, Park West Asset Management, Goodwater Capital, Bow Capital, Kamerra
- Series B, May 17, 2021, $28M — Goodwater Capital
- Series A, Jun 1, 2018, $29M — SV Angel, Y Combinator, Plug and Play, FundersClub, Zillionize Angel, Liquid 2 Ventures, Bow Capital
- Seed, Apr 13, 2017 — Y Combinator, Plug and Play, FundersClub, Zillionize Angel, Liquid 2 Ventures, NewDo Venture

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed, Series A, Series C
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed, Series A
- Zillionize Angel (https://capitalatlas.ai/funds/zillionize-angel) — Seed, Series A
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed, Series A
- NewDo Venture (https://capitalatlas.ai/funds/newdo-venture) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A
- Bow Capital (https://capitalatlas.ai/funds/bow-capital) — Series A, Series C
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Series B, Series C
- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series C
- Park West Asset Management — Series C
- Kamerra (https://capitalatlas.ai/funds/kamerra) — Series C
- TriplePoint Capital (https://capitalatlas.ai/funds/triplepoint-capital) — Series C