Chaiz, an Austin, TX-based comparison marketplace for extended car warranties, raised $3.7M in Seed funding.
The round was led by ResilienceVC. Anker Capital, Automotive Ventures, Everywhere Ventures, FJ Labs, Monte Carlo Capital, Never Lift Ventures, RedBlue Capital, and Springtime Ventures also participated. Previous investors included Everywhere VC, InsurTech NY, The Calm Fund, and Project One Auto, a nationwide auto dealership.
The company intends to use the funds to continue innovating in the breakdown protection space and expand product coverage for other critical items for customers like RV, motorsports, and home appliances.
Founded by Ryan Hartman, Philippe Koenig, and Reto Bolliger, Chaiz is a comparison marketplace for extended car warranties, which allows users to get quotes in minutes without submitting a phone number or email address, ensuring privacy and a hassle-free experience. Dedicated to bringing transparency and choice to the extended car warranty market, the platform ensures that consumers are protected from unexpected repair bills without the intrusive practices common in the industry, empowering them to make informed decisions, potentially saving them significant amounts on repair costs.
FinSMEs
08/08/2024