Upsie’s direct-to-consumer swing at the warranty space webs $18.2 M

by RJ Shara | May 13, 2021 | Fundings and Exit, Startups

Upsie, a consumer service warranty startup, has actually raised $18.2 million in a Series A round led by True Ventures. The funding brings the total raised for the St. Paul, Minnesota-based start-up to $25 million considering that its 2015 creation. A large group of investors participated in the round, including Concrete Rose VC, Avanta Ventures, Kapor Capital, Samsung […] Upsie declares that it saves its clients anywhere from 50% to 90% compared to competitor warranty plans. Just like many other business, Upsie saw a bump in service last year thanks to the COVID-pandemic and resulting increase in consumer electronics sales (17%, according to the NPD Group Retail Tracking Service). Rather than at the point of sale, Upsie offers consumers an opportunity to buy a service warranty for a product through its website or mobile app after the transaction has actually taken location. Puneet Agarwal, partner at True Ventures, states his company doubled down on its financial investment in Upsie after seeing its strong growth over the years.”Upsie is the just one doing that, and it’s the greatest swing to take in this type of industry,” Agarwal said….