Just Insure, a pay-per-mile insurance technology company, has raised $8 million in a funding round. The new funds will be used to scale the company and its product offering as it looks to expand into additional states. The funding round was led by ManchesterStory, CrossCut Ventures, and Western Technology Investments.
“We are the only auto insurer that’s using telematics to rewrite the rules of what’s possible in auto insurance,” said Robert Smithson, founder and CEO of Just Insure in a statement. “People are simply driving less as a result of increased work-from-home rates, and this isn’t changing anytime soon. Our approach enables us to offer customers rates that are truly reflective of their driving, which in turn rewards drivers, removes rate bias, and ultimately makes the road a safer place for everyone. We’re eager to continue developing our telematics capabilities and growing our team with these new funds.”
NewBoCo & Rural Business Innovators Iowa SBDC receive SBA awards for inclusive entrepreneurship
NewBoCo and Rural Business Innovators Iowa SBDC are winners of the Small Business Administration’s 2021 Growth Accelerator Fund Competition.
Both organizations will receive $50,000 as winners of the GAFC, which recognized efforts that “targeted assistance to STEM/R&D entrepreneurs from underrepresented groups, including women, people of color, rural, and veteran entrepreneurs.”
View all of the awardees here.
Involta announces three new leadership positions
Involta has announced three new leadership appointments. The three Involta veterans and their new roles include:
- Josh Holst, Vice President of Cloud Services
- Mark Cooley, Vice President of Security and Compliance
- David Humes II, Director of Product Management
“Creating a culture that supports internal professional growth has been fundamental to our success. These individuals have and will continue to help amplify Involta’s capabilities from multiple angles, ensuring we continue to innovate, refine and deliver solutions to meet the demands of the digital economy,” said Bruce Lehrman, co-founder and CEO of Involta. “Today, Involta is more advantageously poised to deliver exceptional quality and customer care through our cloud solutions, growing data center portfolio, managed security services, edge deployments, and beyond to our customers across manufacturing, healthcare and finance.”