Among them is one in which this startup wants to expand its customized car insurance services into the United States by the second half of next year. Likewise, it intends to raise a new investment round.
Jooycar had previously raised $200,000 with Magma Partners in 2017. Followed by a $3 million investment round led by HCS Capital Partners in October of 2018.
Beyond Chile, the startup’s services can currently be found in Mexico and Peru.
Founders María Paz Gilletcha and Emilio Figueroa put their heads together and created Jooycar in 2014. This insurtech developed a business to business to consumer (B2B2C) platform that offers customized car insurance to companies and consumers.
In order to determine the insurance policy that will be laid out, Jooycar uses the Internet of Things (IoT) and Big Data via a device plugged into the cars and app.
Through this tech the platform studies the kilometers traveled in a vehicle, a person’s driving style, among other factors. After processing this information, the startup provides companies and consumers tailor-made insurance terms.
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