Jones secures $15M Series B to revolutionize construction insurance

Israeli startup Jones, focused on providing an insurance risk management solution for the real estate and construction sectors, successfully raised $15 million in a Series B funding round led by NewSpring Capital. The funding round aimed at advancing automation in construction insurance also attracted participation from existing investors such as Hetz Ventures, Camber Creek, and Khosla Ventures. Founded in 2017, Jones operates with a workforce of 200 employees from its Tel Aviv and New York offices and utilizes AI-driven technology to enhance the efficiency of managing insurance certificates and compliance. The company has expanded its operations across the U.S., managing over 2.5 billion square feet of real estate properties and construction projects. Jones' platform simplifies the otherwise intricate and resource-demanding task of insurance certificate management for real estate and construction companies by automating the process. With clients including high-profile entities like WeWork, JP Morgan, and JLL Spark, Jones is positioned to tackle economic pressures and digitization challenges faced in the insurance markets.