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Upsie s direct-to-consumer swing at the warranty space nets $18 2M – TechCrunch

Upsie’s direct-to-consumer swing at the warranty space nets $18.2M Upsie, a consumer warranty startup, has raised $18.2 million in a Series A round led by True Ventures.  The financing brings the total raised for the St. Paul, Minnesota-based startup to $25 million since its 2015 inception. A large group of investors participated in the round, including Concrete Rose VC, Avanta Ventures, Kapor Capital, Samsung Next, Massive, Backstage Capital, Awesome People Ventures, Draft Ventures, Matchstick Ventures, M25, Silicon Valley Bank and Uncommon VC, among others. A number of angels also put money in the round.  Clarence Bethea (pictured below) founded Upsie after realizing the significant markup that retailers were placing on warranties.

Upsie Secures $18 2 Million in Series A Round

Upsie Raises $18 2M in Series A Funding

Upsie, a St. Paul, Minn.-based consumer-centric platform for purchasing product warranties, raised $18.2m in Series A funding. The round was led by True Ventures with participation from Concrete Rose VC, Avanta Ventures (CSAA Insurance Group, a AAA insurer), Kapor Capital, Samsung Next, Massive, Backstage Capital, Awesome People Ventures, Draft Ventures, Matchstick Ventures, M25, Silicon Valley Bank, Bread & Butter Ventures, Ordinary Ventures, Diverse Angels, Imagination Capital, Uncommon VC, Marc Belton, Daren Cotter (Founder and CEO of InboxDollars), George Azih (Founder and CEO of LeaseQuery), Richard Parsons, Anton Vincent, Sri Pangulur, Damon DiVito, Jon and Lottie Rezneck, etc. The company will use the funds to hire, increase customer awareness and continue building its warranty product offerings and verticals.

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