# Clyde Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clyde-technologies

- Industry: Software
- Headquarters: New York, US
- Website: www.joinclyde.com
- Total disclosed funding: $39M
- Latest round: Series B (Sep 2, 2021)
- Investors on record: 10

## About

Clyde Technologies, Inc. is a US-based company providing innovative product protection services that enhance customer experience and drive revenue growth for retailers and e-commerce platforms.Founded in 2017 and headquartered in New York, US, Clyde Technologies, Inc. offers product protection solutions. The company was established by Annegret Peschel, Jereme Holiman, Josh Scaglione, and Nick Scaglione. In March 2023, Clyde was acquired by Cover Genius Pty Ltd from various investors for an undisclosed sum. The company has successfully executed 5 deals to date and raised a total of USD 16.00 mn in funding, with the latest funding round occurring on March 14, 2023.Clyde Technologies, Inc. specializes in providing a comprehensive suite of product protection services that enhances customer experience and promotes revenue growth for retailers and e-commerce platforms. Their core offerings include extended warranties, shipping insurance with tracking, and return protection—available via a unified global platform which enables seamless integration with major e-commerce systems such as Shopify, Magento, Salesforce, and BigCommerce. The company focuses on optimizing the protection experience at key customer touchpoints, including checkout and post-purchase, allowing merchants to offer automated and user-friendly registration processes. Clyde serves a diverse client base that includes global retailers like Amazon, eBay, Wayfair, and many more, operating in all 50 U.S. states and over 60 countries, thereby facilitating market expansion for its partners and ensuring customer protection worldwide.Clyde generates revenue through partnerships with retailers and e-commerce platforms, primarily by facilitating the sale of extended warranties and protection plans during the transaction process. The company employs a B2B model, working directly with merchants to integrate protection offerings into their customer journeys. Revenue is derived from transaction-based commissions for warranties sold and may also include subscription fees for ongoing service management. Clyde's offerings, including its flagship extended warranties and shipping protection services, support enhanced customer loyalty and increased average order values. The streamlined integration process allows Clyde to maximize transaction efficiency, ultimately benefiting both the merchants and their end-users.Clyde Technologies, Inc. aims for future growth by expanding into the medium-sized e-commerce segment, leveraging the recent acquisition by Cover Genius Pty Ltd. The company plans to design and launch upcoming products aimed at enhancing protection services, with specific timelines yet to be disclosed. Recent funding will support these initiatives, aiding Clyde's strategy to broaden its market reach and enhance its product offerings.

## Funding rounds

- Series B, Sep 2, 2021, $25M — Crosslink Capital, Headline, Spark Capital, Vulcan, Gaingels
- Series A, May 11, 2020, $14M — RRE Ventures, Crosslink Capital, Spark Capital, Correlation Ventures, Red Sea Ventures, Abstract Ventures, Starting Line

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A, Series B
- Spark Capital — Series A, Series B
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A
- Red Sea Ventures (https://capitalatlas.ai/funds/red-sea-ventures) — Series A
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Series A
- Starting Line (https://capitalatlas.ai/funds/starting-line) — Series A
- Headline (https://capitalatlas.ai/funds/headline) — Series B
- Vulcan (https://capitalatlas.ai/funds/vulcan) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B