# LEEO

> LEEO is a commercial auto insurance managing general agent (MGA) that uses telematics, agentic AI, and data science to underwrite, price, and manage risk for fleets. Formerly known as Fairmatic, the company rebranded and relaunched on December 15, 2025 under CEO Jeffrey Chen. It serves brokers and fleet operators - focusing on segments like non-emergency medical transport, light business auto, and last-mile delivery - with fast AI-driven quoting and binding, actionable safety insights, and a telematics-based claims process that can detect crashes and auto-fill incident reports. LEEO is backed by Battery Ventures, Foundation Capital, and Aquiline Technology Growth.

- **Founded:** 2017
- **Headquarters:** San Francisco, California, United States
- **Founders:** Jonathan Matus (Founder (as Fairmatic); former CEO, stepped down in 2025 for medical reasons)
- **Team size:** ~31 employees
- **Products:** Telematics-powered underwriting & quoting, Fleet safety & risk insights, Streamlined telematics claims
- **Notable:** Underwriting model trained and tested on over 200 billion miles of driving data., Reported ~25% safety improvement and cost savings among insured fleets (as Fairmatic)., Raised approximately $91M across seed, Series A, and Series B rounds.

## Products & services

- **Telematics-powered underwriting & quoting** — AI and telematics-driven quoting and binding that lets brokers price commercial auto risk with greater accuracy and speed, trained and tested on 200+ billion miles of driving data.
- **Fleet safety & risk insights** — Actionable safety and cost insights delivered to fleet managers to proactively reduce accidents and lower total cost of risk.
- **Streamlined telematics claims** — A claims process that detects real crashes through telematics, instantly alerts fleet managers, and lets drivers submit complete incident reports using voice, photos, and auto-filled forms.

## Achievements

- Underwriting model trained and tested on over 200 billion miles of driving data.
- Reported ~25% safety improvement and cost savings among insured fleets (as Fairmatic).
- Raised approximately $91M across seed, Series A, and Series B rounds.
- Backed by high-profile investors including Battery Ventures partner Marcus Ryu (former Guidewire CEO), Jerry Yang, Oren Zeev, and Bill Tai.
- Approved to operate in 30 states plus Washington, D.C. at launch.

## Latest updates

- **2025-12** — Fairmatic rebranded and relaunched as LEEO on December 15, 2025, under new CEO Jeffrey Chen.
- **2025-08** — Jeffrey Chen appointed CEO after founder Jonathan Matus stepped down from the role for medical reasons.

## Links

- Website: https://leeoinsurance.com
- LinkedIn: https://www.linkedin.com/company/leeoinsurance
- Twitter/X: https://twitter.com/fairmatichq
- Facebook: https://facebook.com/fairmatic

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Profile page: https://yespress.io/leeo
Published by YesPress — https://yespress.io
Last updated: 2026-07-11