Juno, a San Diego, CA-based firm devoted to supply youngster incapacity insurance coverage, raised $8.5M in Sequence funding.
The spherical, which introduced the entire quantity to $12.5M, was led by Spero Ventures with participation from Floating Level, Newark Ventures, and WVV Capital.
The corporate intends to make use of the funds to increase its shopper base and dealer community in addition to enhance product flexibility.
Led by CEO Jordan Epstein, Juno makes a speciality of youngster incapacity insurance coverage, a core worker profit that gives long-term monetary assist plus customized steering if a toddler from beginning to age 26 turns into severely unwell, injured, or disabled.
Via Juno, mother and father can obtain as much as $1 million ($500,000 per qualifying youngster) in tax-free money, paid in month-to-month installments for as much as 10 years. The profit covers youngsters from beginning to age 26 and can be utilized in any approach a household chooses, together with supplementing misplaced revenue, hiring specialised caregivers at residence, or addressing medical prices not coated by medical insurance. Juno additionally supplies one-on-one assist providers to assist households navigate the complexities of their youngster’s situation, entry different accessible assets, and construct a profitable plan for the longer term.
As a public profit company, it donates 2% of each premium to organizations that analysis childhood disabilities and uncommon illnesses or present direct assist to households.
FinSMEs
19/07/2024
