Jones, an Israeli proptech company, has raised $15 million in a Series B funding round. The investment round was led by NewSpring Capital, with participation from existing backers such as Hetz Ventures, Camber Creek, Khosla Ventures, JLL Spark, DivcoWest Ventures, Rudin Ventures, and Ground Up Ventures.
Established in 2017 by Omri Stern and Michael Rudman, Jones specializes in automating insurance risk management processes tailored for the real estate and construction industries. The company’s solutions aim to simplify compliance and streamline operations for stakeholders across these sectors.
The latest funding brings Jones’ total capital raised to $40 million. The company plans to leverage this investment to enhance traditionally manual compliance workflows associated with insurance requirements for suppliers and subcontractors. This move underscores Jones’ commitment to improving efficiency and reducing administrative burdens in the industry.
The Series B funding marks a significant milestone for Jones as it continues to innovate and deliver tailored solutions to meet the evolving needs of real estate and construction professionals.
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By Proptechbuzz
By Ravi Kumar
