Investment Summary

HCS Capital Invests In Jooycar

On October 19, 2018, private equity firm HCS Capital invested in internet software and services company Jooycar

Investment Highlights
  • This is HCS Capital’s 1st transaction in the Internet Software and Services sector.
  • This is HCS Capital’s 2nd transaction in Chile.

Investment Summary

Date 2018-10-19
Target Jooycar
Sector Internet Software and Services
Investor(s) HCS Capital
Deal Type Growth Capital

Target

Jooycar

Santiago, Chile
Jooycar is a Usage-Based Insurance (UBI) and Connected Car Platform that created one of the first SDKs for Connected Car Insurance. Insurance companies using the Jooycar Platform can rapidly create scalable Usage-Based Insurance programs such as Pay-Per-Mile, PAYD, PHYD on their own websites and apps without writing code from scratch. Jooycar is based in Santiago, Chile.

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Investor(S) 1

DESCRIPTION

HCS Capital is a private equity firm that seeks majority and minority positions in technology-driven companies across North America, Latin America, and Israel. HCS Capital was founded in 2016 and is headquartered in Miami, Florida.


DEAL STATS #
Overall 3 of 5
Sector: Internet Software and Services M&A 1 of 2
Type: Growth Capital M&A Deals 3 of 5
Country: Chile M&A 2 of 4
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Ceptinel

Santiago, Chile

Ceptinel specialized in Regulatory Technology. Centinel provides financial institutions with a range of tools to monitor and adhere to regulatory and compliance requirements. Centinel uses Complex Event Processing ("CEP") and Machine Learning to satisfy a variety of complex institutional needs including Risk Management, Automated Audit, Market Abuse (i.e. anti-money-laundry) and many other compliances and risk-related activities. Ceptinel was founded in 2016 and is based in Santiago, Chile.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 Redcapital

Las Condes, Chile

Redcapital is a crowdlending platform that matches funds and individual investors with SMEs looking for funding. Redcapital was founded in 2014 and is based in Las Condes, Chile.

Buy -