Jones
Jones automates the insurance compliance process and provides contractors with Pay-As-You-Go insurance so they can comply on the spot. The company is helping independent contractors across the US to overcome the liability insurance hurdle, bid for any project and cut their business expenses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $15.0m | Series B | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 21 % | - | 262 % | 66 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Jones, accessible at getjones.com, offers a streamlined solution for tracking certificates of insurance (COIs), primarily serving the Real Estate and Construction sectors. The company addresses the critical need for insurance compliance, which is essential for these industries to operate smoothly and mitigate risks. By automating and simplifying the COI management process, Jones helps clients get their vendors approved in hours instead of weeks, significantly accelerating projects and transactions.
Jones operates in the insurance compliance market, focusing on building operations, work orders, tenant experience, and insurance compliance. The company serves a variety of clients, including general and specialty contractors, real estate managers, and construction firms. By ensuring that subcontractors and vendors meet insurance requirements quickly and efficiently, Jones helps its clients reduce risk and improve operational efficiency.
The business model of Jones revolves around providing a software-as-a-service (SaaS) platform. Clients subscribe to the service to manage their COI needs, which includes vetting, prequalifying, and ensuring subcontractor compliance. The platform integrates seamlessly with core technologies used by clients, such as Procore, enhancing ease of use and efficiency. This integration allows clients to manage compliance within their existing workflows, reducing the time and effort required to handle insurance documentation manually.
Jones makes money through subscription fees paid by its clients. These fees are justified by the significant time savings and risk reduction that the platform provides. By automating the COI management process, Jones enables clients to focus on their core business activities, leading to faster project completions and improved financial outcomes.
In summary, Jones is a rapidly growing company that offers a comprehensive solution for COI management, helping clients in the Real Estate and Construction sectors to reduce risk, accelerate compliance, and improve operational efficiency.
Keywords: COI management, insurance compliance, Real Estate, Construction, SaaS, vendor approval, risk reduction, project acceleration, Procore integration, subcontractor compliance.