Extend

Extend is a fintech startup that provides an easy way for any merchant to offer extended warranties - generating new revenue, increasing purchase conversion, and dramatically improving the customer experience.

Extend allows any merchant to offer extended warranties and protection plans as a service, both online and offline, while also providing the merchant's end customers with a vastly improved and modern support experience that eliminates many of the issues customers face today with legacy underwriters.

Extend was founded in 2019 by Woodrow Levin, with Rohan Shah, Joe Moss & Michael Darmousseh. The company is headquartered in San Francisco, California.

 

Extend's system is integrated into leading eCommerce solutions including Shopify, Magento, Salesforce Commerce, BigCommerce, and others so that you can be up and running quickly, with no technical requirements.

 

Extend's intelligent decision engine uses machine learning to optimize the warranty offer in real-time, thereby improving warranty and cart conversions and generating the most revenue for the merchant.

 

Extend is on track to sell more than 3 million protection plans this year. Customers include Peloton, iRobot, Harman/JBL, Backcountry, Balsam Hill, BlendJet, RealTruck, Traeger Grills and “hundreds” of others, along with a growing number of retailers.

 

Extend is backed by SoftBank Vision Fund 2, Pritzker Group, PayPal Ventures, Meritech Capital, Nationwide, Launchpad Capital, 10X Capital, 40North and others. The company raised $260M in Series C round on May 18, 2021. This brings Extend's total funding to $316.4M to date. The latest round valued the company at $1.6B post-money.

 

 

  • Year founded: 2019
  • Funding Info: $316.4M over 3 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: Valued at $1.6B as of May 18, 2021
  • City/Town: San Francisco
  • State: California
  • Country: United States
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