Overview

Jones offers a solution for tracking certificates of insurance (COIs) tailored for the Real Estate and Construction sectors. The platform automates the COI management process, allowing clients to approve vendors in hours instead of weeks, which accelerates projects and reduces risk. Operating on a software-as-a-service (SaaS) model, Jones integrates with existing technologies like Procore to streamline compliance management. The company's goal is to enhance operational efficiency and ensure insurance compliance for its clients.

Simplify's Take

What believers are saying

• AI-driven analytics can provide predictive insights into insurance risks.
• Integration with digital twins can improve real-time compliance tracking.
• Blockchain technology can streamline COI verification processes securely.

What critics are saying

• Emerging insurtech startups may erode Jones' market share.
• Integration challenges with Procore updates could disrupt client services.
• Stricter data privacy requirements may increase operational costs.

What makes Jones unique

• Jones automates COI management, reducing vendor approval time from weeks to hours.
• The platform integrates with Procore, enhancing client workflow efficiency.
• Jones focuses on insurance compliance, crucial for real estate and construction sectors.

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Funding

Total Funding

$37.4M

Below

Industry Average

Funded Over

5 Rounds

$15,000,000

Series B

Jan 2025

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Below Average

Industry standards

Ind Avg. $35M

$4M

$15M

$30M

$45M

$65M

$100M

View all funding stages