Clyde, a NYC-based product lifecycle platform, today raised $41M, including $25M in Series B funding and $16M in working capital.
The funding round was led by Headline, with participation from Vulcan, Spark Capital, Crosslink and other leading investors.
The company intends to use the funds to expand its business reach into new markets and categories, beginning with hiring new talent and scaling internationally.
Founded in 2017 after Brandon Gell, founder and CEO, Clyde provides an extended warranty product that allows merchants to sell protection plans, drive revenue and deliver unbeatable customer experiences. The platform now also includes a unified claims management tool for merchants to handle all customer and product issues, regardless of whether or not they own a protection plan.
The company will expand its GDPR and CCPA-compliant platform so merchants can identify and build direct relations with customers, even when they purchase through third parties.
Today, Clyde has partnered with more than 300 brands and retailers who span a number of industries and verticals, including consumer and household electronics, scooters and e-bikes, furniture and mattresses, appliances and hardware, fitness and sporting equipment, and jewelry and watch brands.