Startup Jones looks to become the new standard for insurance compliance in the CRE sector
Israeli commercial real estate startup Jones, announced today an additional $4.6 million venture round led by Hetz Ventures alongside JLL Spark, WeWork, MetaProp Ventures, GroundUp Ventures and 500 Startups. The company has raised $8 million to date.
With offices in Tel Aviv and New York, Jones provides a software-as-a-service solution helping commercial real estate companies to tackle insurance certificates by automating and simplifying the workflow in each step of the value chain, from facility management to leases, development, and construction. The fresh funding from leading strategic investors will position Jones to sustain rapid growth becoming the standard for insurance compliance in the CRE industry.
Over the past 18 months, Jones has been deployed in over 500 of properties and thousands of vendors growing 20% MoM with leading companies such as JLL, MITIMCo, Stark Enterprises, and many others. Its rapid growth is fueled by the speed and ease of software implementation, which the company says is occurring at a rate of two properties per hour.
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