# Joshu

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/joshu

- Industry: Software
- Headquarters: Menlo Park, US
- Website: www.joshuins.com
- Total disclosed funding: $3.7M
- Latest round: Seed (Jan 26, 2021)
- Investors on record: 5

## About

Joshu Inc. is a technology company focused on the insurance sector, providing an innovative platform that enables insurers to rapidly develop and launch new products within 100 days, enhancing their operational efficiency.Founded in 2020 by Roy Mill and Shimi Bornstein, Joshu Inc. is based in Menlo Park, US. The company specializes in facilitating insurance product development and has not undergone any significant pivots or changes in strategy since its inception. Joshu raised USD 3.7 mn in Seed funding on January 26, 2021, led by Blumberg Capital with participation from other investors such as Correlation Ventures, Engineering Capital, Innovation Endeavors, and Sure Ventures, marking their only recorded deal to date. Roy Mill, the CEO, has a background in the tech industry but specific details about his previous ventures are not disclosed.Joshu offers a platform tailored for the insurance industry that allows insurers to launch new products such as Occupational Accident, Contingent Liability, Workers Compensation, Non-Trucking Liability, and Physical Damage. The platform streamlines the product development process, helping clients achieve rapid returns on investment and customizable proof of concept solutions. Joshu primarily serves Managing General Agents (MGAs) and insurance underwriters across North America, Europe, and select regions in Asia, ensuring comprehensive support for timely insurance solutions.The revenue model of Joshu is based on subscription access to its platform, catering to the needs of insurance companies seeking efficient solutions. The firm partners directly with insurers to implement its technology, enhancing their product offerings. Specific pricing for services is not publicly available, but the platform is designed to accommodate various business sizes, enabling scalable solutions for both small and large insurers. Joshu's implementation process emphasizes collaboration with major clients to ensure swift deployment and revenue generation.Joshu Inc. aims to expand its product offerings and geographic reach as part of its future growth strategy. The company is in the process of designing new products tailored to emerging market needs, with a focus on enhancing functionality and user experience. Additionally, Joshu is targeting expansion into new markets, specifically in Europe and select regions of Asia, by the end of 2023, leveraging its recent funding of USD 3.7 mn from the Seed round to support these initiatives. The funding will be utilized to enhance product development capabilities and increase market penetration.

## Funding rounds

- Seed, Jan 26, 2021, $3.7M — Blumberg Capital, Correlation Ventures, Innovation Endeavors, Engineering Capital, Sure Ventures

## Investors

- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Seed
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed
- Innovation Endeavors (https://capitalatlas.ai/funds/innovation-endeavors) — Seed
- Engineering Capital (https://capitalatlas.ai/funds/engineering-capital) — Seed
- Sure Ventures (https://capitalatlas.ai/funds/sure-ventures) — Seed