HCS Capital Partners, a Miami, FL based private equity and operating firm, has announced it has completed a USD 3mm investment in Jooycar, a fast growing Chilean company disrupting the auto insurance and telematics space in Latin America, the company said.
This InsurTech investment marks the most recent for HCS, as they continue to deploy capital from their Tech Fund 1 into InsurTech and FinTech opportunities in the US and South America.
Jooycar, headquartered in Santiago, Chile, is in the middle of an ambitious international expansion to the US and across Latin America. They provide a car connected platform and services, using telematics and machine learning to develop usage-based insurance (UBI) products for commercial and personal lines.
HCS Capital Partners is a Miami based Private Equity and operating firm. They specialize in identifying unique opportunities within established markets that are being disrupted by technology and take active roles in portfolio companies by leveraging over 25 years of deep industry knowledge and transformation management experience.