Funding round
Jerry Series B
Jerry, which works in insurance comparison and selection services in Palo Alto, raised $28M in a Series B round announced on 17 May 2021, led by Goodwater Capital. 51 firms took part, with 6 individual investors. It is Jerry's first venture round on record.
$28M
Amount raised
Not disclosed
Post-money valuation
51
Investors
1 lead
Valuation
What this round says about the price
Jerry did not disclose a valuation in this round. It is Jerry's first venture round on record, 4 years after it was founded in 2017. It is 27% of the $103M Jerry has raised in the venture rounds on record. Jerry raised again 3 months later: a Series C round of $75M in Aug 2021, at $450M post-money.
Jerry's funding rounds
Jerry has 2 venture rounds on record. This one is highlighted.
- Series B this round 17 May 2021, led by Goodwater Capital $28M
- Series C 10 Aug 2021, led by Goodwater Capital $75M$450M post-money
Investors
Who put money in
Goodwater Capital led the round with 50 other firms.
Lead investor
- Goodwater Capital backs 162 venture-backed companies new investor
Also in the round
- backs 44 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- new investor
- Big Sky Health new investor
- backs 22 venture-backed companies new investor
- backs 32 venture-backed companies new investor
- CapitalX new investor
- Coinbase Ventures new investor
- backs 62 venture-backed companies new investor
- Creative Juice new investor
- backs 9 venture-backed companies new investor
- backs 98 venture-backed companies new investor
- backs 4 venture-backed companies new investor
- Eurazeo backs 103 venture-backed companies new investor
- backs 46 venture-backed companies new investor
- Exponent Founders Capital new investor
- backs 71 venture-backed companies new investor
- backs 63 venture-backed companies new investor
- backs 38 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- Hoxton Ventures backs 50 venture-backed companies new investor
- i/o Ventures new investor
- backs 44 venture-backed companies new investor
- backs 227 venture-backed companies new investor
- Luno Expeditions new investor
- backs 4 venture-backed companies new investor
- backs 44 venture-backed companies new investor
- Oak HC/FT backs 106 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- backs 94 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- backs 327 venture-backed companies new investor
- practical venture capital new investor
- backs 96 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies new investor
- backs 72 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- backs 37 venture-backed companies new investor
- stellar capital new investor
- backs 29 venture-backed companies new investor
- Target Global new investor
- Tekton Ventures new investor
- The Community Fund new investor
- backs 50 venture-backed companies new investor
- Valar Ventures backs 56 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- Visionaire Ventures new investor
- Greenlight new investor
- Tekion new investor
- Stash new investor
Individual investors: Jay Vijayan, Jon McNeill, Brandon Krieg, Ed Robinson, Johnson Cook and Timothy Sheehan.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
39 Series B rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $35M, and this round was 80% of the median. The closest in time, other companies' Series B rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 5 May 2021 | $21M | not disclosed | Mosaic Ventures |
| Insurance - Agents, Carriers & Brokers | 20 May 2021 | $20M | not disclosed | RRE Ventures |
| Insurance - Agents, Carriers & Brokers | 16 Jun 2021 | $60M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 27 Apr 2021 | $25M | not disclosed | Prime Ventures |
| Insurance - Agents, Carriers & Brokers | 14 Jul 2021 | $70M | $346M | Target Global |
| Insurance - Agents, Carriers & Brokers | 1 Jul 2021 | $35M | not disclosed | Jerusalem Venture Partners |
| Insurance - Agents, Carriers & Brokers | 14 Jul 2021 | $26M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 3 Feb 2021 | $52M | not disclosed | Westerly Winds and Moor Davidow Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Jerry raise in its Series B round?
Jerry raised $28M in its Series B round, announced in May 2021.
Who led Jerry's Series B round?
Goodwater Capital led it, with AIX Ventures, Animal Capital, The Aurora Forge, Big Sky Health and Bow Capital and 45 more.
What was Jerry's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Insurance - Agents, Carriers & Brokers?
39 Series B rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $35M, and this round was 80% of the median.
Did Jerry raise again after this round?
Yes: a Series C round in Aug 2021 of $75M at $450M post-money.