San Francisco based extended warranties-as-a-service startup raised $16.4m led by GreatPoint Ventures. Extend also acquired assets of warranty programs from Affinity Insurance Services, an affiliate of Aon.
“The acquisition from Affinity Insurance Services, Inc., an affiliate of Aon plc clearly sets up Extend to be a dominant player in extended warranties, especially in a rapidly growing environment of online sales,” said Andrew Perlman, Managing Partner at GreatPoint Ventures.