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Jerry makes it really easy to save time and money on car expenses.
Jerry has raised $222.0M across 4 funding rounds.
Key people at Jerry.
Jerry was founded in 2017 by Lina Zhang (Founder/Vice President Operations) and Art Agrawal (Founder/CEO) and Musawir Shah (Founder/CTO).
Jerry has raised $222.0M in total across 4 funding rounds.
Jerry makes it really easy to save time and money on car expenses. The car ownership super app first launched its AI- and machine-learning-based car insurance compare-and-buy service in 2019. Today, Jerry serves more than 3 million customers as a licensed insurance broker and an authorized auto refinance provider, while also offering free telematics-based driver safety and repair estimator services.
The fastest, easiest and only automated way to compare and buy car insurance, Jerry gives you customized quotes from more than 55 insurance carriers in 45 seconds. Customers skip all the long forms and unwanted human interaction while Jerry hunts for better rates and completes the transaction, saving more than $800 per year. In 2022, Jerry launched its auto refinancing marketplace, which can help customers lower their monthly car payments, on average, by $118 dollars.
Jerry is scaling its car insurance and auto refinance products and expanding its marketplace into new categories, removing friction from additional car ownership needs. Jerry will be the only app car owners need to manage all their car expenses.
Headquartered in Palo Alto, the company has offices in Toronto, and Lockport, NY, and has removed physical location from recruiting restraints to attract talent.
Jerry is an AI-powered AllCar™ app designed to simplify and reduce the cost of car ownership by helping users manage all their car expenses in one place. It offers services including car insurance comparison and purchase, auto loan refinancing, repair cost estimation, and driving safety tracking. Serving over 5 million U.S. car owners, Jerry saves customers an average of $800 annually on car insurance by quickly comparing quotes from more than 50 insurance providers and streamlining the entire transaction digitally. The app’s broader vision is to become a comprehensive car ownership super app addressing all costly and time-consuming aspects of vehicle ownership, including maintenance, warranties, and parking[1][2][3][5].
Founded in 2017 by a team who recognized the friction and inefficiency in car ownership services, Jerry launched initially as a car insurance compare-and-buy platform. The founders’ background includes expertise in AI and fintech, which they leveraged to automate and simplify traditionally cumbersome processes. Early traction came from rapid customer adoption and significant savings delivered, fueling expansion into auto refinancing and other car-related marketplaces. The company is headquartered in Palo Alto, California, with offices in Toronto and Lockport, NY, and has raised substantial funding to accelerate growth and product development[1][2][4][6].
Jerry rides the wave of digital transformation in insurtech and fintech, leveraging AI to disrupt legacy industries like car insurance and auto financing. The timing is favorable due to increasing consumer demand for convenience, transparency, and cost savings in traditionally opaque markets. The rise of mobile-first, AI-driven platforms enables Jerry to consolidate fragmented car ownership services into a unified super app, reflecting broader trends toward platformization and automation in financial services. By reducing friction and cost, Jerry influences the ecosystem by raising customer expectations and pushing incumbents toward innovation[2][4][6].
Jerry is poised to expand beyond insurance and refinancing into additional car ownership services such as maintenance, parking, and warranties, aiming to become the definitive car ownership super app. Continued advances in AI and data analytics will likely enhance personalization and automation, further improving user experience and cost efficiency. Market trends toward digital-first financial services and consumer preference for integrated platforms support Jerry’s growth trajectory. As Jerry scales, it may also influence broader industry standards for transparency and customer-centric service in automotive finance and insurance[2][6].
In summary, Jerry transforms car ownership by combining AI-driven automation with a comprehensive service offering that saves time and money, positioning itself as a key innovator in the evolving insurtech and fintech landscape.
Jerry was founded in 2017 by Lina Zhang (Founder/Vice President Operations) and Art Agrawal (Founder/CEO) and Musawir Shah (Founder/CTO).
Jerry has raised $222.0M in total across 4 funding rounds.
Jerry's investors include Park West Asset Management, Leap Forward Ventures, MS&AD Ventures, Plug & Play Ventures, UpWest, Boaz Hecht, Oded Hermoni, Goodwater Capital, Corey Mulloy, TriplePoint Capital, Bow Capital, Floodgate.
Key people at Jerry.
Jerry has raised $222.0M across 4 funding rounds. Most recently, it raised $110.0M Series C in August 2023.