Upsie, a St. Paul, Minn.-based consumer-centric platform for purchasing product warranties, raised $18.2m in Series A funding.
The round was led by True Ventures with participation from Concrete Rose VC, Avanta Ventures (CSAA Insurance Group, a AAA insurer), Kapor Capital, Samsung Next, Massive, Backstage Capital, Awesome People Ventures, Draft Ventures, Matchstick Ventures, M25, Silicon Valley Bank, Bread & Butter Ventures, Ordinary Ventures, Diverse Angels, Imagination Capital, Uncommon VC, Marc Belton, Daren Cotter (Founder and CEO of InboxDollars), George Azih (Founder and CEO of LeaseQuery), Richard Parsons, Anton Vincent, Sri Pangulur, Damon DiVito, Jon and Lottie Rezneck, etc.
The company will use the funds to hire, increase customer awareness and continue building its warranty product offerings and verticals.
Created in 2015 by CEO Clarence Bethea, Upsie provides warranties to protect thousands of devices, including smartphones, appliances, and gaming consoles, Anyone can purchase product warranties on the Upsie website or mobile app, where warranty information is stored and can be accessed.
Upsie customers can purchase a warranty online when it is convenient for them. They have up to 120 days to purchase smartphone protection, 11 months to purchase appliance, TV and fitness equipment protection, and up to 60 days for other consumer electronics.
FinSMEs
13/05/2021