Chilean Insurtech Startup Jooycar Raises $3M in Funding

jooycarJooycar, a Santiago, Chile-based Chilean auto insurance and telematics company, raised $3m in funding.

HCS Capital Partners, a Miami, FL based private equity and operating firm, made the investment.

The company intends to use the funds for international expansion to the U.S. and across Latin America.

Led by MarĂ­a Paz Gillet, founder, Jooycar provides a car connected platform and services, using telematics and machine learning to develop usage-based insurance (UBI) products for commercial and personal lines. It combines data collected from devices plugged into the car, as well as a mobile app, to deliver rich data about the driver and vehicle. This data includes:
– real time vehicle information,
– customized maintenance reporting,
– loss prevention,
– detailed driver risk assessment and scoring,
– driving patterns, and
– route optimization etc.

FinSMEs

17/10/2018

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