Clyde, a NYC-based insurtech startup, raised $3m in funding.
The round was led by Red Sea Ventures, with participation from RRE Ventures, Expa, Starting Line, and Rainfall Ventures.
The company is using the funds to continue to expand operations to develop its solutions.
Co-founded by CEO Brandon Gell, Head of Engineering Josh Scaglione and Engineer Nick Scaglione, Clyde provides an API for companies to offer product warranties to customers. Merchants can enter a plugin into their point-of-sale or ecommerce platforms and add product guarantee options without having to develop a dedicated solution from the beginning.
Businesses can integrate insurance companies, and handle administrators and protection programs via an admin portal.
A Techstars Chicago graduate, Clyde currently offers protection in 48 states and manages licensing in CA and FL during onboarding.