Jerry, a car insurance savings app, announced its series C2 funding round, securing $110 million in equity and debt financing. The up round allowed the company to double its AI-powered services for American car owners, according to a company press release.

The series C2 equity financing was led by existing investor Park West Asset Management. The up round also included reinvestment from Goodwater Capital, Highland Capital Partners, and Plug And Play Ventures, among other existing investors. TriplePoint Capital led the debt facility and invested in the equity financing. The new financing followed Jerry’s C1 round, bringing total funding to $242 million.

The app also added two new services on the back of its latest funding round – GarageGuard and DriveShield.

With car diagnostic and repair estimate tools, GarageGuard assists with the details and costs of maintenance and repair services. Jerry also offers customers discounts on repairs and services from new partners including America’s Tire, Curbee, Jiffy Lube, Valvoline Instant Oil Change, and FullSpeed Automotive’s family of brands, including Grease Monkey Oil Changes & More, SpeeDee Oil Change & Auto Service, Kwik Kar, Uncle Ed’s and American Lube Fast.

DriveShield offers a driving score tracker and rewards program. The free service aims to help drivers avoid accidents and subsequent expenses from repairs costs and insurance rate hikes.

“Most of the hassles that come with being a car owner need reinvention. Jerry is addressing those unmet needs in the market, helping Americans make good decisions about their cars every day,” said Art Agrawal, co-founder and CEO at Jerry, in a company press release. “Jerry gives drivers confidence, whether it’s from saving money on their car insurance, paying the right price for necessary maintenance, getting the lowest APR on their car loan, or learning to more safely drive.”

Source: Jerry