# Extend

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/extend

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.extend.com
- Total disclosed funding: $309M
- Latest round: Series C (May 18, 2021)
- Investors on record: 13

## About

Based in California, US, and founded in 2019, Extend, Inc. is a provider of extended warranty and product protection plans for merchants and consumers through API-first solutions. Woodrow Levin is the co-founder and current CEO of the company. In May 2021, Extend, Inc. raised USD 260 million in Series C funding led by new investor SB Investment Advisers with participation from new investors Nationwide Ventures, Tomales Bay Capital, Launchpad Capital, 10X Capital, and 40 North Ventures.

The company offers an API solutions platform that enables any merchant to sell extended warranties and protection plans to their customers while providing a support experience that solves many of the challenges that customers have with traditional solutions. Extend collaborates with merchants in the United States and Canada, including Peloton, iRobot, Harman/JBL, Backcountry, Balsam Hill, BlendJet, RealTruck, Traeger Grills, and more.

The company generates revenue as it collects a service fee each time an Extend protection plan is sold.

The company intends to expand its business in several ways, including a gradual shift to covering more than simply extended warranties that kick in when manufacturer or retailer warranties expire and a far broader geographical expansion.

## Funding rounds

- Series C, May 18, 2021, $255M — Meritech Capital Partners, GreatPoint Ventures, SB Investment Advisers, Nationwide Ventures, Tomales Bay Capital, PayPal Ventures, Standard Investments, 10X Capital, Launchpad Capital
- Series B, Aug 28, 2020, $40M — Meritech Capital Partners, Shah Capital Partners, GreatPoint Ventures, PayPal Ventures
- Series A, Nov 5, 2019, $10M — Pritzker Group Venture Capital, Shah Capital Partners, GreatPoint Ventures, Lightbank
- Seed, Feb 22, 2019, $3.5M — Graph Ventures

## Investors

- Graph Ventures (https://capitalatlas.ai/funds/graph-ventures) — Seed
- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Series A
- Shah Capital Partners (https://capitalatlas.ai/funds/shah-capital-partners) — Series A, Series B
- GreatPoint Ventures (https://capitalatlas.ai/funds/greatpoint-ventures) — Series A, Series B, Series C
- Lightbank (https://capitalatlas.ai/funds/lightbank) — Series A
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series B, Series C
- PayPal Ventures (https://capitalatlas.ai/funds/paypal-ventures) — Series B, Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C
- Nationwide Ventures (https://capitalatlas.ai/funds/nationwide-ventures) — Series C
- Tomales Bay Capital (https://capitalatlas.ai/funds/tomales-bay-capital) — Series C
- Standard Investments (https://capitalatlas.ai/funds/standard-investments) — Series C
- 10X Capital (https://capitalatlas.ai/funds/10x-capital) — Series C
- Launchpad Capital (https://capitalatlas.ai/funds/launchpad-capital) — Series C