Jove secures £3.6m seed investment led by Explorer Investments to scale its insurtech platform.
Explorer Investments led the seed round to support product development and international growth.
Jove is an insurtech company providing borderless business insurance and automated compliance solutions for contractors, small businesses, and recruitment firms. Its digital platform offers flexible subscription coverage and integrates directly with HRIS and ATS systems.
Insurtech firm Jove has secured £3.6m in seed funding to advance its digital insurance platform for contractors and small businesses. The round was led by Explorer Investments, with participation from Seed X, Love Ventures, Portfolio Ventures, New Alpha Asset Management, Exceptional Ventures, and Start Ventures.
The capital will be directed towards product development, automation enhancements, and scaling operations as the company prepares for a broader launch across the UK and Europe. Jove currently provides borderless insurance products and AI-powered validation tools integrated with major recruitment and HR platforms.
From the founder
"We are thrilled to announce the successful closing of our funding round. This investment will enable us to further develop our AI-powered insurance validation platform and empower contractors and recruitment companies to achieve seamless insurance compliance and to get their global suppliers and contractors covered instantly. Jove is at the forefront of changing the landscape of how insurance is being quoted and purchased globally. This has never been done before."
Amanda Cai
CEO at Jove
Investor perspective
"At Explorer, we are proud to support Jove’s mission to revolutionise insurance for contractors and small businesses. Their innovative AI-driven platform addresses critical pain points, delivering unmatched efficiency and flexibility in insurance solutions. We believe Jove is well-positioned to redefine the global insurance landscape, and we’re excited to be part of this transformative journey."
Pedro Correia de Barros
Explorer Investments
Use of funds
- 01Continue product development
- 02Scale operations
Investors
Pedro Correia de Barros
Explorer Investments
Seed X
Love Ventures
Portfolio Ventures
New Alpha Asset Management
Exceptional Ventures
Start Ventures
