Funding round
Jerry Series C
Jerry, which works in insurance comparison and selection services in Palo Alto, raised $75M in a Series C round announced on 10 Aug 2021, led by Goodwater Capital, at a $450M post-money valuation. 5 firms took part, 3 of them already investors. It is Jerry's second venture round on record; the one before was a Series B in May 2021.
$75M
Amount raised
$450M
Post-money valuation
5
Investors
1 lead
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Jerry at $450M after the new money. The $75M bought investors about 17% of the company. It came 3 months after Jerry's Series B. It is 73% of the $103M Jerry has raised in the venture rounds on record. No later venture round is on record for Jerry.
Jerry's funding rounds
Jerry has 2 venture rounds on record. This one is highlighted.
- Series B 17 May 2021, led by Goodwater Capital $28M
- Series C this round 10 Aug 2021, led by Goodwater Capital $75M$450M post-money
Investors
Who put money in
Goodwater Capital led the round with 4 other firms. Goodwater Capital, Bow Capital and Kamerra had backed Jerry before.
Lead investor
- Goodwater Capital backs 162 venture-backed companies existing investor
Also in the round
- backs 22 venture-backed companies existing investor
- existing investor
- Highland Capital Partners new investor
- Park West Asset Management new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
20 Series C rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $100M, and this round was 75% of the median. The closest in time, other companies' Series C rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 26 Aug 2021 | $110M | $500M | Goldman Sachs Asset Management |
| Insurance - Agents, Carriers & Brokers | 5 Aug 2021 | $55M | not disclosed | Apis Partners |
| Insurance - Agents, Carriers & Brokers | 28 Sep 2021 | $73M | not disclosed | not named |
| wefox Insurance - Agents, Carriers & Brokers | 1 Jun 2021 | $650M | $3.00B | Target Global |
| Insurance - Agents, Carriers & Brokers | 9 Jun 2021 | $100M | not disclosed | FTV Management Company |
| Insurance - Agents, Carriers & Brokers | 13 Oct 2021 | $80M | not disclosed | B Capital |
| Insurance - Agents, Carriers & Brokers | 26 Oct 2021 | $47M | not disclosed | King River |
| Kin Insurance Insurance - Agents, Carriers & Brokers | 10 May 2021 | $64M | not disclosed | Senator Investment Group and Hudson Structured Capital Management |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Jerry raise in its Series C round?
Jerry raised $75M in its Series C round, announced in Aug 2021.
Who led Jerry's Series C round?
Goodwater Capital led it, with Bow Capital, Kamerra, Highland Capital Partners and Park West Asset Management.
What was Jerry's valuation at the Series C round?
$450M post-money.
How does it compare with other Series C rounds in Insurance - Agents, Carriers & Brokers?
20 Series C rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $100M, and this round was 75% of the median.